Burberry Group plc (LON:BRBY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Burberry Group plc (LON:BRBYGet Rating) have been given a consensus rating of “Hold” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,202.14 ($27.86).

BRBY has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 1,940 ($24.54) price target on shares of Burberry Group in a research report on Monday, April 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,900 ($24.04) price target on shares of Burberry Group in a research report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 2,280 ($28.85) price objective on shares of Burberry Group in a research note on Thursday, May 19th. Morgan Stanley reiterated an “equal weight” rating on shares of Burberry Group in a research report on Wednesday, May 11th. Finally, Barclays raised their price target on Burberry Group from GBX 1,960 ($24.80) to GBX 2,070 ($26.19) and gave the stock an “equal weight” rating in a research report on Monday.

Shares of LON BRBY opened at GBX 1,701.50 ($21.53) on Thursday. The company has a debt-to-equity ratio of 86.64, a current ratio of 2.53 and a quick ratio of 1.94. The firm has a market cap of £6.75 billion and a price-to-earnings ratio of 17.42. The stock’s fifty day moving average price is GBX 1,610.81 and its two-hundred day moving average price is GBX 1,748.14. Burberry Group has a one year low of GBX 1,473.50 ($18.64) and a one year high of GBX 2,267 ($28.68).

The firm also recently announced a dividend, which will be paid on Friday, August 5th. Shareholders of record on Thursday, June 30th will be paid a dividend of GBX 35.40 ($0.45) per share. This is an increase from Burberry Group’s previous dividend of $11.60. The ex-dividend date is Thursday, June 30th. This represents a yield of 2.24%. Burberry Group’s payout ratio is presently 0.44%.

In other news, insider Gerry M. Murphy acquired 5,000 shares of Burberry Group stock in a transaction that occurred on Monday, March 14th. The shares were acquired at an average price of GBX 1,613 ($20.41) per share, for a total transaction of £80,650 ($102,036.94). Also, insider Matthew Key bought 3,140 shares of the company’s stock in a transaction on Friday, March 11th. The stock was purchased at an average price of GBX 1,581 ($20.00) per share, with a total value of £49,643.40 ($62,807.95).

About Burberry Group (Get Rating)

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 offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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