Burberry Group plc (LON:BRBY) had its price objective reduced by Deutsche Bank AG from GBX 1,800 ($23.67) to GBX 1,750 ($23.02) in a research report report published on Friday morning. Deutsche Bank AG currently has a hold rating on the stock.

BRBY has been the subject of several other reports. Credit Suisse Group reiterated a neutral rating on shares of Burberry Group plc in a research report on Friday, July 21st. BNP Paribas reiterated a neutral rating and set a GBX 1,650 ($21.70) target price on shares of Burberry Group plc in a research report on Thursday, July 13th. Liberum Capital reiterated a sell rating and set a GBX 1,350 ($17.76) target price on shares of Burberry Group plc in a research report on Friday, August 25th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a GBX 1,700 ($22.36) target price on shares of Burberry Group plc in a research report on Monday, July 24th. Finally, Berenberg Bank reiterated a buy rating and set a GBX 1,900 ($24.99) target price on shares of Burberry Group plc in a research report on Thursday, October 12th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 1,715.29 ($22.56).

Shares of Burberry Group plc (BRBY) opened at GBX 1,743 ($22.93) on Friday. Burberry Group plc has a 52-week low of GBX 1,367 ($17.98) and a 52-week high of GBX 2,024 ($26.62).

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The firm also recently declared a dividend, which will be paid on Friday, February 2nd. Stockholders of record on Thursday, December 21st will be paid a dividend of GBX 11 ($0.14) per share. The ex-dividend date is Thursday, December 21st. This represents a dividend yield of 0.63%.

About Burberry Group plc

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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