Burberry Group (LON:BRBY) Given “Neutral” Rating at Citigroup

Citigroup reissued their neutral rating on shares of Burberry Group (LON:BRBY) in a research report sent to investors on Monday morning, Digital Look reports.

Several other equities research analysts also recently weighed in on BRBY. Credit Suisse Group reduced their price target on shares of Burberry Group from GBX 2,700 ($35.52) to GBX 2,650 ($34.86) and set an outperform rating for the company in a research report on Friday, January 10th. Jefferies Financial Group reissued an underperform rating on shares of Burberry Group in a research report on Tuesday, December 10th. Deutsche Bank reissued a hold rating on shares of Burberry Group in a research report on Thursday, January 16th. Morgan Stanley reissued an equal weight rating on shares of Burberry Group in a research report on Monday, November 11th. Finally, UBS Group reissued a neutral rating and set a GBX 2,202 ($28.97) price target (up previously from GBX 2,175 ($28.61)) on shares of Burberry Group in a research report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 2,048.20 ($26.94).

Shares of LON BRBY opened at GBX 2,090 ($27.49) on Monday. Burberry Group has a fifty-two week low of GBX 1,678 ($22.07) and a fifty-two week high of GBX 2,362 ($31.07). The company has a 50 day simple moving average of GBX 2,194.40 and a two-hundred day simple moving average of GBX 2,124.82. The company has a market capitalization of $8.75 billion and a price-to-earnings ratio of 24.13. The company has a debt-to-equity ratio of 88.99, a quick ratio of 1.06 and a current ratio of 1.69.

The business also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, December 19th will be given a GBX 11.30 ($0.15) dividend. This represents a yield of 0.53%. The ex-dividend date of this dividend is Thursday, December 19th. Burberry Group’s dividend payout ratio (DPR) is presently 0.50%.

In related news, insider Debra L. Lee bought 450 shares of the business’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of GBX 2,194 ($28.86) per share, with a total value of £9,873 ($12,987.37).

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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