Burberry Group (OTCMKTS:BURBY) PT Lowered to GBX 2,050

Burberry Group (OTCMKTS:BURBYGet Rating) had its price objective reduced by Barclays from GBX 2,080 ($25.13) to GBX 2,050 ($24.77) in a research note published on Thursday, The Fly reports.

A number of other research analysts have also recently issued reports on BURBY. Cheuvreux cut shares of Burberry Group from a buy rating to a hold rating and set a GBX 1,650 ($19.94) price objective on the stock. in a research note on Tuesday, June 14th. BNP Paribas cut shares of Burberry Group from an outperform rating to a neutral rating in a research note on Tuesday, July 5th. Societe Generale decreased their target price on shares of Burberry Group from GBX 2,300 ($27.79) to GBX 2,142 ($25.88) in a research note on Friday, July 1st. Exane BNP Paribas cut shares of Burberry Group from an outperform rating to a neutral rating in a research note on Tuesday, July 5th. Finally, UBS Group decreased their target price on shares of Burberry Group from GBX 1,848 ($22.33) to GBX 1,736 ($20.98) in a research note on Monday, July 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $1,923.50.

Burberry Group Price Performance

Shares of OTCMKTS:BURBY opened at $19.40 on Thursday. The company’s 50 day simple moving average is $20.61 and its 200 day simple moving average is $20.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.53 and a quick ratio of 2.00. Burberry Group has a 1 year low of $18.18 and a 1 year high of $28.08.

Burberry Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 1st were issued a dividend of $0.4234 per share. This represents a dividend yield of 2.79%. The ex-dividend date was Thursday, June 30th. This is a positive change from Burberry Group’s previous dividend of $0.15.

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 provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.

Read More

The Fly logo

Analyst Recommendations for Burberry Group (OTCMKTS:BURBY)

Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.