JPMorgan Chase & Co. Reiterates “Neutral” Rating for Burberry Group plc (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued on Thursday. They presently have a GBX 1,450 ($17.96) price objective on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 3.95% from the stock’s previous close.
Several other equities analysts also recently commented on BRBY. Haitong Bank restated a “neutral” rating and set a GBX 1,265 ($15.67) target price on shares of Burberry Group plc in a research report on Thursday, July 14th. Liberum Capital restated a “sell” rating and set a GBX 975 ($12.08) target price on shares of Burberry Group plc in a research report on Thursday, July 14th. Bryan, Garnier & Co raised their target price on Burberry Group plc from GBX 1,200 ($14.86) to GBX 1,250 ($15.48) and gave the stock a “neutral” rating in a research report on Wednesday, October 19th. BNP Paribas restated a “neutral” rating and set a GBX 1,350 ($16.72) target price on shares of Burberry Group plc in a research report on Wednesday, August 10th. Finally, Jefferies Group restated a “hold” rating and set a GBX 1,290 ($15.98) target price on shares of Burberry Group plc in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 1,409.29 ($17.46).
Burberry Group plc (LON:BRBY) opened at 1417.00 on Thursday. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,567.00. The firm’s market cap is GBX 6.26 billion. The company 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 declared 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. 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 business’s stock in a transaction dated Thursday, November 10th. The shares were bought at an average cost 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).
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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