Burberry Group (BRBY) Price Target Increased to GBX 1,900 by Analysts at JPMorgan Chase & Co.

Burberry Group (LON:BRBY) had its price target lifted by JPMorgan Chase & Co. from GBX 1,850 ($24.17) to GBX 1,900 ($24.83) in a research note published on Friday. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on BRBY. Jefferies Financial Group restated a hold rating and set a GBX 2,060 ($26.92) price target on shares of Burberry Group in a research report on Friday. UBS Group restated a neutral rating and set a GBX 2,000 ($26.13) price target (down previously from GBX 2,150 ($28.09)) on shares of Burberry Group in a research report on Friday. Berenberg Bank restated a buy rating and set a GBX 2,220 ($29.01) price target on shares of Burberry Group in a research report on Thursday, July 12th. Societe Generale raised their price target on 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. Finally, Royal Bank of Canada raised their price target on 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. Three equities 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’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 2,009.56 ($26.26).

LON BRBY traded down GBX 91 ($1.19) during trading hours on Friday, reaching GBX 1,773.50 ($23.17). 3,822,600 shares of the stock traded hands, compared to its average volume of 2,130,000. Burberry Group has a 1 year low of GBX 1,481.50 ($19.36) and a 1 year high of GBX 2,024 ($26.45).

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

About Burberry Group

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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