Goldman Sachs Group, Inc. (The) Reaffirms Neutral Rating for Burberry Group plc (LON:BRBY)
Goldman Sachs Group, Inc. (The) reaffirmed their neutral rating on shares of Burberry Group plc (LON:BRBY) in a research report report published on Monday morning. Goldman Sachs Group, Inc. (The) currently has a GBX 1,700 ($22.15) price target on the stock.
Several other research analysts have also recently weighed in on BRBY. HSBC Holdings plc reiterated a hold rating and set a GBX 1,630 ($21.24) price objective on shares of Burberry Group plc in a research report on Tuesday, March 28th. BNP Paribas reiterated a neutral rating and set a GBX 1,590 ($20.71) price objective on shares of Burberry Group plc in a research report on Wednesday, March 29th. Barclays PLC reiterated an overweight rating and set a GBX 1,900 ($24.75) price objective on shares of Burberry Group plc in a research report on Wednesday, March 29th. Macquarie increased their price objective on Burberry Group plc from GBX 1,400 ($18.24) to GBX 1,750 ($22.80) and gave the stock a neutral rating in a research report on Thursday, April 6th. Finally, Deutsche Bank AG increased their price objective on Burberry Group plc from GBX 1,525 ($19.87) to GBX 1,650 ($21.50) and gave the stock a hold rating in a research report on Wednesday, April 12th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 1,658.35 ($21.60).
Burberry Group plc (BRBY) opened at 1729.00 on Monday. The firm’s market capitalization is GBX 7.52 billion. Burberry Group plc has a one year low of GBX 1,228.00 and a one year high of GBX 1,879.00. The firm has a 50 day moving average of GBX 1,688.52 and a 200 day moving average of GBX 1,689.27.
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The firm also recently disclosed a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, July 6th will be paid a GBX 28.40 ($0.37) dividend. 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. This represents a yield of 1.65%.
In other Burberry Group plc news, insider Julie Brown acquired 9,621 shares of Burberry Group plc stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average cost of GBX 1,725 ($22.47) per share, with a total value of £165,962.25 ($216,209.29).
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.
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