Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank AG in a report released on Thursday, MarketBeat.com reports. They currently have a GBX 1,650 ($21.37) price target on the stock. Deutsche Bank AG’s price target would suggest a potential downside of 0.12% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. BNP Paribas restated a “neutral” rating and issued a GBX 1,650 ($21.37) price target on shares of Burberry Group plc in a research report on Thursday. Beaufort Securities restated a “buy” rating and issued a GBX 1,920 ($24.87) price target on shares of Burberry Group plc in a research report on Thursday. Barclays PLC restated an “overweight” rating and issued a GBX 1,900 ($24.61) price target on shares of Burberry Group plc in a research report on Thursday. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 1,530 ($19.82) price target on shares of Burberry Group plc in a research report on Friday, June 30th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 1,600 ($20.73) price target on shares of Burberry Group plc in a research report on Friday, June 30th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Burberry Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 1,647.35 ($21.34).

Shares of Burberry Group plc (LON:BRBY) opened at 1644.00 on Thursday. The company’s market cap is GBX 7.15 billion. The firm has a 50-day moving average price of GBX 1,734.41 and a 200-day moving average price of GBX 1,664.21. Burberry Group plc has a 1-year low of GBX 1,220.00 and a 1-year high of GBX 1,879.00.

The firm also recently declared a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, July 6th will be paid a dividend of GBX 28.40 ($0.37) per share. This represents a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, July 6th. This is a positive change from Burberry Group plc’s previous dividend of $10.50.

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In other Burberry Group plc news, insider Julie Brown purchased 9,621 shares of Burberry Group plc stock in a transaction on Friday, May 19th. The shares were bought at an average price of GBX 1,725 ($22.34) per share, with a total value of £165,962.25 ($214,977.01).

Burberry Group plc Company Profile

Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.

Analyst Recommendations for Burberry Group plc (LON:BRBY)

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