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.