Burberry Group (LON:BRBY) had its price target lowered by Berenberg Bank from GBX 2,000 ($26.92) to GBX 1,940 ($26.11) in a research note published on Friday, November 24th, Marketbeat.com reports. The firm currently has a buy rating on the stock.
BRBY has been the subject of a number of other research reports. increased their price objective on shares of Burberry Group from GBX 1,580 ($21.27) to GBX 1,680 ($22.61) and gave the company a reduce rating in a research note on Monday, October 2nd. Bryan, Garnier & Co reiterated a sell rating on shares of Burberry Group in a research report on Monday, September 11th. Deutsche Bank increased their target price on shares of Burberry Group from GBX 1,775 ($23.89) to GBX 1,800 ($24.23) and gave the stock a hold rating in a research report on Thursday, October 12th. Barclays reiterated an overweight rating and set a GBX 1,900 ($25.57) target price on shares of Burberry Group in a research report on Thursday, October 5th. Finally, Morgan Stanley increased their target price on shares of Burberry Group from GBX 1,495 ($20.12) to GBX 1,748 ($23.53) and gave the stock an equal weight rating in a research report on Tuesday, September 19th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Burberry Group presently has a consensus rating of Hold and a consensus price target of GBX 1,714.81 ($23.08).
Shares of Burberry Group (LON BRBY) traded up GBX 2 ($0.03) during mid-day trading on Friday, hitting GBX 1,738 ($23.39). 1,328,903 shares of the stock were exchanged, compared to its average volume of 2,500,000. Burberry Group has a 52 week low of GBX 1,439 ($19.37) and a 52 week high of GBX 2,024 ($27.24).
The business also recently announced a dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, December 21st will be issued a dividend of GBX 11 ($0.15) per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a yield of 0.63%.
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Burberry Group 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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