Burberry Group plc (LON:BRBY) Rating Reiterated by Deutsche Bank AG
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.
WARNING: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.watchlistnews.com/burberry-group-plc-lonbrby-rating-reiterated-by-deutsche-bank-ag/1444742.html.
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.
Receive News & Ratings for Burberry Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group plc and related companies with Analyst Ratings Network's FREE daily email newsletter.