The Burberry Group plc (BRBY) Price Target Raised to GBX 1,200 at Liberum Capital

The Burberry Group plc (BRBY) Price Target Raised to GBX 1,200 at Liberum Capital

Burberry Group plc (LON:BRBY) had its price objective hoisted by Liberum Capital from GBX 1,075 ($12.97) to GBX 1,200 ($14.48) in a research report released on Wednesday morning. Liberum Capital currently has a sell rating on the stock.

Several other brokerages have also recently commented on BRBY. Royal Bank Of Canada raised Burberry Group plc to a sector performer rating and boosted their target price for the stock from GBX 1,200 ($14.48) to GBX 1,400 ($16.89) in a report on Friday, September 30th. Haitong Bank reissued a neutral rating and set a GBX 1,415 ($17.07) target price on shares of Burberry Group plc in a report on Tuesday. Bryan, Garnier & Co reaffirmed a sell rating and issued a GBX 1,350 ($16.29) price target on shares of Burberry Group plc in a report on Tuesday, January 10th. BNP Paribas reaffirmed a neutral rating and issued a GBX 1,490 ($17.98) price target on shares of Burberry Group plc in a report on Thursday, December 15th. Finally, Barclays PLC upped their price target on Burberry Group plc from GBX 1,320 ($15.92) to GBX 1,350 ($16.29) and gave the company an equal weight rating in a report on Tuesday, October 4th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 1,463.75 ($17.66).

Shares of Burberry Group plc (LON:BRBY) opened at 1665.0623 on Wednesday. The stock’s 50 day moving average price is GBX 1,488.78 and its 200 day moving average price is GBX 1,394.28. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,692.00. The firm’s market cap is GBX 7.31 billion.

The company also recently announced a dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, December 22nd will be given a dividend of GBX 10.50 ($0.13) per share. This represents a yield of 0.72%. The ex-dividend date is Thursday, December 22nd.

In other news, insider Carolyn McCall bought 1,368 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was purchased at an average price of GBX 1,449 ($17.48) per share, with a total value of £19,822.32 ($23,914.01).

About Burberry Group plc

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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