Burberry Group plc (LON:BRBY) Receives Consensus Rating of “Hold” from Analysts

Burberry Group plc (LON:BRBY – Get Rating) has received an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 2,010 ($24.49).

A number of research analysts have commented on BRBY shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Burberry Group from GBX 1,950 ($23.76) to GBX 2,200 ($26.80) and gave the company a “hold” rating in a research note on Friday, November 18th. Royal Bank of Canada boosted their price target on shares of Burberry Group from GBX 1,800 ($21.93) to GBX 2,070 ($25.22) and gave the stock a “sector perform” rating in a research note on Friday, November 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,000 ($24.37) target price on shares of Burberry Group in a research report on Friday, September 30th. Finally, Barclays restated an “equal weight” rating and set a GBX 2,050 ($24.98) target price on shares of Burberry Group in a research report on Friday, November 18th.

Burberry Group Trading Up 0.4 %

LON BRBY opened at GBX 2,252 ($27.44) on Friday. The company has a debt-to-equity ratio of 98.82, a quick ratio of 1.63 and a current ratio of 2.26. The firm has a market cap of £8.55 billion and a PE ratio of 2,028.83. Burberry Group has a one year low of GBX 1,473.50 ($17.95) and a one year high of GBX 2,265 ($27.60). The firm’s fifty day moving average is GBX 2,083.73 and its two-hundred day moving average is GBX 1,872.94.

Burberry Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 27th. Investors of record on Thursday, December 15th will be paid a dividend of GBX 16.50 ($0.20) per share. This represents a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, December 15th. Burberry Group’s payout ratio is 42.34%.

Insider Activity at Burberry Group

In related news, insider Julie Brown sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of GBX 2,150 ($26.19), for a total transaction of £344,000 ($419,103.31).

About Burberry Group

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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.