Burberry Group plc (LON:BRBY) had its price objective hoisted by Beaufort Securities from GBX 1,920 ($25.25) to GBX 1,980 ($26.04) in a research note released on Friday morning. The firm currently has a buy rating on the stock.
A number of other equities analysts have also recently weighed in on the company. Deutsche Bank AG lowered their price target on Burberry Group plc from GBX 1,800 ($23.67) to GBX 1,750 ($23.02) and set a hold rating for the company in a report on Friday. Credit Suisse Group lowered their price target on Burberry Group plc from GBX 2,100 ($27.62) to GBX 1,900 ($24.99) and set an outperform rating for the company in a report on Friday. Citigroup Inc. reiterated a neutral rating on shares of Burberry Group plc in a report on Friday. Kepler Capital Markets reissued a hold rating and set a GBX 1,820 ($23.94) target price on shares of Burberry Group plc in a research note on Wednesday, November 1st. Finally, J P Morgan Chase & Co increased their target price on Burberry Group plc from GBX 1,620 ($21.31) to GBX 1,800 ($23.67) and gave the stock a neutral rating in a research note on Tuesday, October 31st. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 1,715.29 ($22.56).
Burberry Group plc (LON:BRBY) opened at GBX 1,743 ($22.93) on Friday. Burberry Group plc has a twelve month low of GBX 1,367 ($17.98) and a twelve month high of GBX 2,024 ($26.62).
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The company also recently declared a dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 21st will be paid a dividend of GBX 11 ($0.14) per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a yield of 0.63%.
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.
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