Burberry Group plc (LON:BRBY) has earned an average recommendation of “Hold” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,961.88 ($25.64).
A number of analysts have recently weighed in on the stock. Deutsche Bank reaffirmed a “hold” rating on shares of Burberry Group in a report on Thursday, May 2nd. Jefferies Financial Group reissued a “hold” rating on shares of Burberry Group in a research note on Tuesday, April 9th. HSBC increased their price objective on shares of Burberry Group from GBX 1,950 ($25.48) to GBX 2,000 ($26.13) and gave the company a “hold” rating in a research note on Wednesday, February 27th. Sanford C. Bernstein raised shares of Burberry Group to a “market perform” rating in a research note on Tuesday, May 21st. Finally, UBS Group reissued a “neutral” rating on shares of Burberry Group in a research note on Thursday, May 9th.
LON BRBY traded down GBX 12 ($0.16) during trading on Friday, reaching GBX 1,785.50 ($23.33). The company’s stock had a trading volume of 658,868 shares, compared to its average volume of 2,130,000. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.51 and a quick ratio of 1.70. The stock has a market cap of $7.32 billion and a price-to-earnings ratio of 21.85. Burberry Group has a 12 month low of GBX 1,618.50 ($21.15) and a 12 month high of GBX 2,338 ($30.55). The company has a 50 day moving average of GBX 1,801.41.
The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be given a GBX 31.50 ($0.41) dividend. This is a boost from Burberry Group’s previous dividend of $11.00. This represents a yield of 1.69%. The ex-dividend date of this dividend is Thursday, June 27th. Burberry Group’s dividend payout ratio is 0.51%.
In other news, insider Julie Brown acquired 24,051 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was bought at an average cost of GBX 1,775 ($23.19) per share, for a total transaction of £426,905.25 ($557,827.32).
Burberry Group Company Profile
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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