Deutsche Bank AG Increases Burberry Group plc (BRBY) Price Target to GBX 1,615
Burberry Group plc (LON:BRBY) had its price target upped by Deutsche Bank AG from GBX 1,600 ($20.81) to GBX 1,615 ($21.01) in a research note released on Monday morning. Deutsche Bank AG currently has a hold rating on the stock.
Other analysts have also issued reports about the company. AlphaValue restated a reduce rating and issued a GBX 1,723 ($22.41) price target on shares of Burberry Group plc in a report on Wednesday, April 19th. Bryan, Garnier & Co restated a sell rating on shares of Burberry Group plc in a report on Thursday, April 20th. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 1,600 ($20.81) price target on shares of Burberry Group plc in a report on Tuesday, May 16th. Liberum Capital boosted their price target on Burberry Group plc from GBX 1,200 ($15.61) to GBX 1,350 ($17.56) and gave the company a sell rating in a report on Thursday, March 16th. Finally, HSBC Holdings plc restated a hold rating and issued a GBX 1,630 ($21.20) price target on shares of Burberry Group plc in a report on Tuesday, March 28th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,607.33 ($20.91).
Shares of Burberry Group plc (LON:BRBY) opened at 1773.00 on Monday. The stock’s market capitalization is GBX 7.71 billion. The stock’s 50 day moving average price is GBX 1,670.26 and its 200-day moving average price is GBX 1,607.51. Burberry Group plc has a 1-year low of GBX 1,039.00 and a 1-year high of GBX 1,838.00.
The company also recently announced a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, July 6th will be given a GBX 28.40 ($0.37) dividend. This is an increase from Burberry Group plc’s previous dividend of $10.50. The ex-dividend date is Thursday, July 6th. This represents a dividend yield of 1.65%.
In other news, insider Julie Brown bought 9,621 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were bought at an average price of GBX 1,725 ($22.44) per share, with a total value of £165,962.25 ($215,899.90).
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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