Credit Suisse Group reaffirmed their outperform rating on shares of Burberry Group (LON:BRBY) in a research note released on Tuesday morning. They currently have a GBX 1,900 ($25.77) target price on the stock.
A number of other brokerages also recently weighed in on BRBY. Deutsche Bank lowered their price target on Burberry Group from GBX 1,800 ($24.41) to GBX 1,750 ($23.73) and set a hold rating on the stock in a research report on Friday, November 10th. boosted their price target on Burberry Group from GBX 1,580 ($21.43) to GBX 1,680 ($22.78) and gave the stock a reduce rating in a research report on Monday, October 2nd. Kepler Capital Markets lowered their price target on Burberry Group from GBX 1,820 ($24.68) to GBX 1,710 ($23.19) and set a hold rating on the stock in a research report on Friday, November 10th. JPMorgan Chase & Co. lowered their price target on Burberry Group from GBX 1,800 ($24.41) to GBX 1,720 ($23.33) and set a neutral rating on the stock in a research report on Friday, November 10th. Finally, Berenberg Bank lowered their price target on Burberry Group from GBX 2,000 ($27.12) to GBX 1,940 ($26.31) and set a buy rating on the stock in a research report on Friday, November 24th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 1,694.29 ($22.98).
Shares of Burberry Group (LON BRBY) traded up GBX 7 ($0.09) during midday trading on Tuesday, reaching GBX 1,595.50 ($21.64). The firm has a market cap of $6,760.00 and a price-to-earnings ratio of 2,279.29. Burberry Group has a 52 week low of GBX 1,543 ($20.92) and a 52 week high of GBX 2,024 ($27.45).
The business also recently declared a dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 21st will be given a dividend of GBX 11 ($0.15) per share. This represents a yield of 0.63%. The ex-dividend date of this dividend is Thursday, December 21st.
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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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