Brokerages Set Burberry Group plc (LON:BRBY) PT at GBX 1,440.67

Shares of Burberry Group plc (LON:BRBY) have earned an average rating of “Reduce” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 1,440.67 ($18.41).

A number of research firms have weighed in on BRBY. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,050 ($13.42) target price on shares of Burberry Group in a research note on Tuesday, June 25th. Jefferies Financial Group restated a “hold” rating and set a GBX 800 ($10.22) price target on shares of Burberry Group in a research note on Tuesday, July 16th.

Insider Activity at Burberry Group

In related news, insider Alessandra Cozzani acquired 1,100 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were bought at an average price of GBX 747 ($9.55) per share, with a total value of £8,217 ($10,500.96). In other Burberry Group news, insider Antoine Bernard de Saint-Affrique purchased 2,000 shares of the stock in a transaction on Tuesday, July 16th. The stock was acquired at an average price of GBX 730 ($9.33) per share, with a total value of £14,600 ($18,658.15). Also, insider Alessandra Cozzani purchased 1,100 shares of the stock in a transaction on Thursday, July 18th. The stock was acquired at an average cost of GBX 747 ($9.55) per share, with a total value of £8,217 ($10,500.96). 0.19% of the stock is owned by corporate insiders.

Burberry Group Stock Performance

BRBY stock opened at GBX 684.80 ($8.75) on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70. The business’s fifty day simple moving average is GBX 861.96 and its two-hundred day simple moving average is GBX 1,084.94. Burberry Group has a twelve month low of GBX 676.20 ($8.64) and a twelve month high of GBX 2,275 ($29.07). The firm has a market cap of £2.46 billion, a price-to-earnings ratio of 925.41, a PEG ratio of 1.85 and a beta of 1.13.

Burberry Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, June 27th were given a dividend of GBX 42.70 ($0.55) per share. The ex-dividend date was Thursday, June 27th. This represents a yield of 3.59%. This is an increase from Burberry Group’s previous dividend of $18.30. Burberry Group’s dividend payout ratio (DPR) is presently 8,243.24%.

Burberry Group Company Profile

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.