Burberry Group plc (BRBY) Given New GBX 1,720 Price Target at J P Morgan Chase & Co
Burberry Group plc (LON:BRBY) had its price objective trimmed by J P Morgan Chase & Co from GBX 1,800 ($23.67) to GBX 1,720 ($22.62) in a research note published on Friday morning. The firm currently has a neutral rating on the stock.
Several other research analysts have also commented on the stock. Beaufort Securities upped their price objective on shares of Burberry Group plc from GBX 1,920 ($25.25) to GBX 1,980 ($26.04) and gave the stock a buy rating in a report on Friday. Deutsche Bank AG decreased their price objective on shares of Burberry Group plc from GBX 1,800 ($23.67) to GBX 1,750 ($23.02) and set a hold rating for the company in a report on Friday. Credit Suisse Group decreased their price objective on shares of Burberry Group plc from GBX 2,100 ($27.62) to GBX 1,900 ($24.99) and set an outperform rating for the company in a report on Friday. Citigroup Inc. restated a neutral rating on shares of Burberry Group plc in a report on Friday. Finally, Kepler Capital Markets restated a hold rating and issued a GBX 1,820 ($23.94) price objective on shares of Burberry Group plc in a report on Wednesday, November 1st. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. Burberry Group plc presently has a consensus rating of Hold and a consensus price target of GBX 1,715.29 ($22.56).
Burberry Group plc (LON BRBY) opened at GBX 1,743 ($22.93) on Friday. Burberry Group plc has a 1-year low of GBX 1,367 ($17.98) and a 1-year high of GBX 2,024 ($26.62).
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The business also recently announced a dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, December 21st will be paid a dividend of GBX 11 ($0.14) per share. This represents a yield of 0.63%. The ex-dividend date of this dividend is Thursday, December 21st.
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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