Burberry Group plc (BRBY) Rating Reiterated by Societe Generale
Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating reaffirmed by investment analysts at Societe Generale in a report released on Thursday. They currently have a GBX 1,505 ($18.64) price target on the stock, up from their prior price target of GBX 1,300 ($16.10). Societe Generale’s price target suggests a potential upside of 7.89% from the stock’s current price.
A number of other analysts have also recently issued reports on the stock. Royal Bank Of Canada upgraded shares of Burberry Group plc to a “sector performer” rating and raised their target price for the stock from GBX 1,200 ($14.86) to GBX 1,400 ($17.34) in a research note on Friday, September 30th. Deutsche Bank AG raised their target price on shares of Burberry Group plc from GBX 1,350 ($16.72) to GBX 1,475 ($18.27) and gave the stock a “hold” rating in a research note on Tuesday, October 11th. Credit Suisse Group AG restated an “underperform” rating and set a GBX 1,150 ($14.25) target price on shares of Burberry Group plc in a research note on Tuesday, October 18th. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,346 ($16.67) price objective on shares of Burberry Group plc in a research note on Thursday, July 28th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,450 ($17.96) price objective on shares of Burberry Group plc in a research note on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,409.29 ($17.46).
Shares of Burberry Group plc (LON:BRBY) opened at 1415.00 on Thursday. Burberry Group plc has a 1-year low of GBX 1,039.00 and a 1-year high of GBX 1,567.00. The stock’s 50 day moving average is GBX 1,447.32 and its 200 day moving average is GBX 1,275.75. The company’s market capitalization is GBX 6.25 billion.
The company also recently declared a dividend, which will be paid on Friday, January 27th. Stockholders of record on Thursday, December 22nd will be given a GBX 10.50 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, December 22nd. This represents a dividend yield of 0.72%.
In other news, insider Carolyn McCall purchased 1,368 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were purchased at an average price of GBX 1,449 ($17.95) per share, for a total transaction of £19,822.32 ($24,553.85). Also, insider Bailey,Christopher sold 18,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($16.75), for a total transaction of £253,500 ($314,009.66).
Burberry Group plc 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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