Burberry Group (LON:BRBY) Hits New 1-Year High at $2,328.00

Burberry Group plc (LON:BRBYGet Rating)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 2,328 ($28.41) and last traded at GBX 2,323.50 ($28.35), with a volume of 492072 shares traded. The stock had previously closed at GBX 2,243 ($27.37).

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Burberry Group from GBX 1,800 ($21.96) to GBX 2,070 ($25.26) and gave the stock a “sector perform” rating in a research note on Friday, November 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Burberry Group from GBX 1,950 ($23.79) to GBX 2,200 ($26.85) and gave the stock a “hold” rating in a research note on Friday, November 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,000 ($24.41) price target on shares of Burberry Group in a research note on Friday, September 30th. Finally, Barclays reaffirmed an “equal weight” rating and set a GBX 2,050 ($25.02) price target on shares of Burberry Group in a research note on Friday, November 18th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 2,010 ($24.53).

Burberry Group Stock Up 0.6 %

The firm’s 50 day moving average is GBX 2,115.68 and its two-hundred day moving average is GBX 1,894.42. The stock has a market cap of £8.80 billion and a price-to-earnings ratio of 2,074.77. The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 98.82.

Burberry Group Cuts Dividend

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

Insider Buying and Selling at Burberry Group

In other Burberry Group news, insider Julie Brown sold 16,000 shares of Burberry Group stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of GBX 2,150 ($26.24), for a total value of £344,000 ($419,768.15).

Burberry Group Company Profile

(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.

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