Deutsche Bank AG Cuts Burberry Group plc (BRBY) Price Target to GBX 1,750
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).
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/deutsche-bank-ag-cuts-burberry-group-plc-brby-price-target-to-gbx-1750/1702082.html.
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.
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.