Burberry Group (LON:BRBY) Price Target Raised to GBX 2,200 at Royal Bank of Canada

Burberry Group (LON:BRBY – Get Rating) had its price objective increased by Royal Bank of Canada from GBX 2,040 ($25.26) to GBX 2,200 ($27.24) in a research note released on Tuesday, Marketbeat.com reports. They currently have a sector perform rating on the stock.

A number of other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Burberry Group from GBX 1,950 ($24.14) to GBX 2,200 ($27.24) and gave the company a hold rating in a report on Friday, November 18th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 2,000 ($24.76) target price on shares of Burberry Group in a research note on Friday, September 30th. Finally, Barclays reiterated an equal weight rating and issued a GBX 2,050 ($25.38) target price on shares of Burberry Group in a report on Friday, November 18th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of GBX 2,036 ($25.21).

Burberry Group Trading Up 0.7 %

Shares of Burberry Group stock opened at GBX 2,381 ($29.48) on Tuesday. The stock’s 50-day simple moving average is GBX 2,136.22 and its 200 day simple moving average is GBX 1,913.96. Burberry Group has a 52-week low of GBX 1,473.50 ($18.24) and a 52-week high of GBX 2,396 ($29.66). The stock has a market capitalization of £9.04 billion and a P/E ratio of 2,145.05. The company has a debt-to-equity ratio of 98.82, a quick ratio of 1.63 and a current ratio of 2.26.

Burberry Group Cuts Dividend

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

Insider Buying and Selling

In related news, insider Julie Brown sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of GBX 2,150 ($26.62), for a total transaction of £344,000 ($425,900.71).

Burberry Group Company Profile

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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.