Burberry Group (LON:BRBY) Shares Up 0.9%

Burberry Group plc (LON:BRBY)’s share price shot up 0.9% during mid-day trading on Monday . The stock traded as high as GBX 1,763 ($23.04) and last traded at GBX 1,758 ($22.97). 668,278 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 2,130,000 shares. The stock had previously closed at GBX 1,741.50 ($22.76).

Several brokerages have recently issued reports on BRBY. Sanford C. Bernstein upgraded Burberry Group to a “market perform” rating in a research note on Tuesday, May 21st. Bryan, Garnier & Co upgraded Burberry Group to a “neutral” rating in a research note on Monday, May 20th. Credit Suisse Group reiterated a “neutral” rating on shares of Burberry Group in a research note on Monday, May 20th. UBS Group reiterated a “neutral” rating on shares of Burberry Group in a research note on Friday, May 17th. Finally, Goldman Sachs Group lowered Burberry Group to a “sell” rating in a research note on Monday, May 13th. Three 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’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,908.93 ($24.94).

The stock has a market cap of $7.18 billion and a price-to-earnings ratio of 21.46. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.70 and a current ratio of 2.51. The stock has a 50-day simple moving average of GBX 1,851.01.

The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be given a dividend of GBX 31.50 ($0.41) per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 1.69%. This is a positive change from Burberry Group’s previous dividend of $11.00. Burberry Group’s payout ratio is currently 0.51%.

TRADEMARK VIOLATION WARNING: “Burberry Group (LON:BRBY) Shares Up 0.9%” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://sportsperspectives.com/2019/06/17/burberry-group-lonbrby-shares-up-0-9.html.

Burberry Group Company Profile (LON:BRBY)

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.

Recommended Story: Golden Cross

Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.