JPMorgan Chase & Co. Reaffirms Neutral Rating for Burberry Group plc (BRBY)

JPMorgan Chase & Co. reissued their neutral rating on shares of Burberry Group plc (LON:BRBY) in a report released on Monday morning, reports. JPMorgan Chase & Co. currently has a GBX 1,600 ($20.81) price objective on the stock.

Several other research firms have also recently issued reports on BRBY. Bryan, Garnier & Co reaffirmed a sell rating and issued a GBX 1,350 ($17.56) price target on shares of Burberry Group plc in a report on Thursday, April 13th. BNP Paribas reissued a neutral rating and set a GBX 1,590 ($20.68) target price on shares of Burberry Group plc in a report on Friday, March 17th. Deutsche Bank AG increased their target price on shares of Burberry Group plc from GBX 1,525 ($19.84) to GBX 1,650 ($21.46) and gave the stock a hold rating in a report on Wednesday, April 12th. Barclays PLC reissued an overweight rating and set a GBX 1,900 ($24.72) target price on shares of Burberry Group plc in a report on Wednesday, March 29th. Finally, AlphaValue reissued a reduce rating and set a GBX 1,723 ($22.41) target price on shares of Burberry Group plc in a report on Wednesday, April 19th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. Burberry Group plc has a consensus rating of Hold and an average target price of GBX 1,607.33 ($20.91).

Analyst Recommendations for Burberry Group plc (LON:BRBY)

Shares of Burberry Group plc (LON:BRBY) opened at 1764.2623 on Monday. The stock has a 50 day moving average of GBX 1,669.49 and a 200-day moving average of GBX 1,606.34. The firm’s market capitalization is GBX 7.67 billion. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,838.00.

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The business also recently announced a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, July 6th will be given a GBX 28.40 ($0.37) dividend. This represents a yield of 1.65%. The ex-dividend date of this dividend is Thursday, July 6th. This is a positive change from Burberry Group plc’s previous dividend of $10.50.

In related news, insider Julie Brown bought 9,621 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average price of GBX 1,725 ($22.44) per share, for a total transaction of £165,962.25 ($215,899.90).

Burberry Group plc Company Profile

Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.

12 Month Chart for LON:BRBY

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