Deutsche Bank Reiterates “Hold” Rating for Burberry Group (BRBY)

Deutsche Bank restated their hold rating on shares of Burberry Group (LON:BRBY) in a research note published on Tuesday.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Burberry Group from GBX 1,850 ($24.17) to GBX 1,900 ($24.83) and gave the stock a neutral rating in a research note on Friday, November 9th. UBS Group reissued a neutral rating and set a GBX 2,000 ($26.13) price objective (down previously from GBX 2,150 ($28.09)) on shares of Burberry Group in a research note on Friday, November 9th. Jefferies Financial Group reissued a hold rating and set a GBX 2,060 ($26.92) price objective on shares of Burberry Group in a research note on Friday, November 9th. HSBC raised shares of Burberry Group to a hold rating and dropped their price objective for the stock from GBX 2,100 ($27.44) to GBX 1,950 ($25.48) in a research note on Friday, October 26th. Finally, Berenberg Bank boosted their price objective on shares of Burberry Group from GBX 1,890 ($24.70) to GBX 2,270 ($29.66) and gave the stock a buy rating in a research note on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Burberry Group presently has an average rating of Hold and an average price target of GBX 2,009.56 ($26.26).

LON:BRBY opened at GBX 1,817.50 ($23.75) on Tuesday. Burberry Group has a one year low of GBX 1,481.50 ($19.36) and a one year high of GBX 2,024 ($26.45).

The company also recently announced a dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, December 20th will be paid a GBX 11 ($0.14) dividend. The ex-dividend date is Thursday, December 20th. This represents a dividend yield of 0.61%.

About Burberry Group

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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