Burberry Group plc (BRBY) Receives Average Rating of “Hold” from Brokerages

Burberry Group plc (LON:BRBY) has received a consensus rating of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,023.58 ($26.44).

A number of research analysts recently commented on BRBY shares. JPMorgan Chase & Co. increased their price target on shares of Burberry Group from GBX 1,710 ($22.34) to GBX 1,850 ($24.17) and gave the company a “neutral” rating in a report on Thursday, October 25th. Credit Suisse Group increased their price target on shares of Burberry Group from GBX 1,850 ($24.17) to GBX 2,200 ($28.75) and gave the company an “outperform” rating in a report on Thursday, August 23rd. HSBC increased their price target on shares of Burberry Group from GBX 1,900 ($24.83) to GBX 2,100 ($27.44) and gave the company a “reduce” rating in a report on Wednesday, September 5th. Citigroup reaffirmed a “neutral” rating on shares of Burberry Group in a report on Wednesday, September 5th. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Burberry Group in a report on Tuesday, November 13th.

BRBY stock traded up GBX 16 ($0.21) during trading on Monday, reaching GBX 1,730.50 ($22.61). The company’s stock had a trading volume of 2,119,116 shares, compared to its average volume of 2,130,000. Burberry Group has a 1 year low of GBX 1,481.50 ($19.36) and a 1 year high of GBX 2,024 ($26.45).

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

In other Burberry Group news, insider Matthew Key acquired 1,150 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The shares were bought at an average cost of GBX 1,714 ($22.40) per share, with a total value of £19,711 ($25,755.91).

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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