Burberry Group plc (BRBY) Stock Rating Reaffirmed by Beaufort Securities
Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating restated by investment analysts at Beaufort Securities in a research report issued to clients and investors on Thursday.
A number of other equities analysts also recently commented on BRBY. BNP Paribas reiterated a “neutral” rating and set a GBX 1,346 ($16.67) price objective on shares of Burberry Group plc in a research report on Wednesday, July 13th. Liberum Capital reiterated a “sell” rating and set a GBX 975 ($12.08) price objective on shares of Burberry Group plc in a research report on Thursday, July 14th. Barclays PLC reiterated an “equal weight” rating and set a GBX 1,220 ($15.11) price objective on shares of Burberry Group plc in a research report on Thursday, July 14th. Haitong Bank reiterated a “neutral” rating and set a GBX 1,265 ($15.67) price objective on shares of Burberry Group plc in a research report on Thursday, July 14th. Finally, Societe Generale upgraded Burberry Group plc to a “hold” rating and set a GBX 1,300 ($16.10) price objective on the stock in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the company’s stock. Burberry Group plc currently has an average rating of “Hold” and a consensus price target of GBX 1,409.29 ($17.46).
Shares of Burberry Group plc (LON:BRBY) opened at 1394.888 on Thursday. The stock’s market capitalization is GBX 6.16 billion. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,567.00. The firm has a 50 day moving average price of GBX 1,447.32 and a 200 day moving average price of GBX 1,275.75.
The company also recently announced a dividend, which will be paid on Friday, January 27th. Stockholders of record on Thursday, December 22nd will be issued a GBX 10.50 ($0.13) dividend. This represents a dividend yield of 0.72%. The ex-dividend date is Thursday, December 22nd.
In related news, insider Carolyn McCall purchased 1,368 shares of the company’s stock in a transaction that occurred on 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 dated Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.75), for a total value of £253,500 ($314,009.66).
About Burberry Group plc
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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