Haitong Bank Reiterates Neutral Rating for Burberry Group plc (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reaffirmed by equities researchers at Haitong Bank in a research note issued to investors on Friday. They currently have a GBX 1,415 ($17.68) target price on the stock. Haitong Bank’s target price indicates a potential upside of 1.00% from the stock’s current price.
BRBY has been the subject of several other reports. Liberum Capital restated a “sell” rating and issued a GBX 975 ($12.18) target price on shares of Burberry Group plc in a research report on Thursday, July 14th. Bryan, Garnier & Co boosted their target price on shares of Burberry Group plc from GBX 1,200 ($14.99) to GBX 1,250 ($15.62) and gave the company a “neutral” rating in a research report on Wednesday, October 19th. BNP Paribas restated a “neutral” rating and issued a GBX 1,350 ($16.87) target price on shares of Burberry Group plc in a research report on Wednesday, August 10th. Jefferies Group restated a “hold” rating and issued a GBX 1,290 ($16.12) target price on shares of Burberry Group plc in a research report on Thursday, November 10th. Finally, Beaufort Securities restated a “hold” rating on shares of Burberry Group plc in a research report on Thursday, November 10th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the stock. Burberry Group plc presently has an average rating of “Hold” and an average price target of GBX 1,409.29 ($17.61).
Burberry Group plc (LON:BRBY) opened at 1415.00 on Friday. The company has a 50-day moving average of GBX 1,448.53 and a 200 day moving average of GBX 1,277.84. The firm’s market capitalization is GBX 6.21 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 also recently disclosed a dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, December 22nd will be issued a dividend of GBX 10.50 ($0.13) per share. The ex-dividend date of this dividend is Thursday, December 22nd. This represents a yield of 0.72%.
In other news, insider Carolyn McCall bought 1,368 shares of the stock in a transaction dated Thursday, November 10th. The stock was bought at an average price of GBX 1,449 ($18.10) per share, for a total transaction of £19,822.32 ($24,765.52). Also, insider Bailey,Christopher sold 18,750 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.89), for a total transaction of £253,500 ($316,716.64).
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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