UBS Group reaffirmed their neutral rating on shares of Burberry Group (LON:BRBY) in a research report report published on Monday morning, Stock Target Advisor reports. They currently have a GBX 2,175 ($28.42) price objective on the stock, down from their previous price objective of GBX 2,220 ($29.01).
Other analysts have also recently issued research reports about the stock. HSBC reissued a hold rating on shares of Burberry Group in a research note on Monday, September 9th. Morgan Stanley restated an equal weight rating on shares of Burberry Group in a research report on Monday, November 11th. Bank of America restated an underperform rating and set a GBX 1,850 ($24.17) price target on shares of Burberry Group in a research report on Tuesday, October 8th. Credit Suisse Group boosted their price target on shares of Burberry Group from GBX 2,650 ($34.63) to GBX 2,700 ($35.28) and gave the stock an outperform rating in a research report on Friday. Finally, Jefferies Financial Group boosted their price target on shares of Burberry Group from GBX 1,800 ($23.52) to GBX 1,900 ($24.83) and gave the stock an underperform rating in a research report on Monday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 2,002.50 ($26.17).
Shares of BRBY stock traded down GBX 5 ($0.07) on Monday, reaching GBX 2,078 ($27.15). 1,330,843 shares of the company were exchanged, compared to its average volume of 2,130,000. The company has a market cap of $8.81 billion and a price-to-earnings ratio of 24.00. The business has a 50-day moving average price of GBX 2,031.44 and a 200 day moving average price of GBX 2,017.82. The company has a debt-to-equity ratio of 88.99, a quick ratio of 1.10 and a current ratio of 1.69. Burberry Group has a 1 year low of GBX 1,618.50 ($21.15) and a 1 year high of GBX 2,362 ($30.86).
The firm also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, December 19th will be given a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date is Thursday, December 19th. This represents a yield of 0.53%. Burberry Group’s payout ratio is presently 0.48%.
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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