Burberry Group plc (BRBY) Receives Average Rating of “Hold” from Analysts

Shares of Burberry Group plc (LON:BRBY) have earned an average rating of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 2,009.50 ($26.26).

BRBY has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price objective on shares of Burberry Group from GBX 1,750 ($22.87) to GBX 1,875 ($24.50) and gave the company an “underperform” rating in a research report on Friday, September 7th. Kepler Capital Markets lowered shares of Burberry Group to a “reduce” rating and upped their price objective for the company from GBX 1,640 ($21.43) to GBX 1,870 ($24.43) in a research report on Wednesday, July 11th. Berenberg Bank upped their price objective on shares of Burberry Group from GBX 1,890 ($24.70) to GBX 2,270 ($29.66) and gave the company a “buy” rating in a research report on Tuesday, October 23rd. UBS Group reaffirmed a “neutral” rating on shares of Burberry Group in a research report on Thursday, July 12th. Finally, Societe Generale upped their price objective on shares of Burberry Group from GBX 1,920 ($25.09) to GBX 2,500 ($32.67) and gave the company a “buy” rating in a research report on Wednesday, July 18th.

Burberry Group stock traded up GBX 48.50 ($0.63) on Thursday, reaching GBX 1,864.50 ($24.36). 2,411,449 shares of the stock were exchanged, compared to its average volume of 2,130,000. Burberry Group has a twelve month low of GBX 1,481.50 ($19.36) and a twelve month high of GBX 2,024 ($26.45).

The business also recently declared a dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, December 20th will be paid a dividend of GBX 11 ($0.14) per share. The ex-dividend date is Thursday, December 20th. This represents a dividend yield of 0.61%.

Burberry Group Company Profile

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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