The Burberry Group plc (BRBY) Receives “Sell” Rating from Bryan, Garnier & Co

The Burberry Group plc (BRBY) Receives “Sell” Rating from Bryan, Garnier & Co

Bryan, Garnier & Co reiterated their sell rating on shares of Burberry Group plc (LON:BRBY) in a research note published on Wednesday morning. The brokerage currently has a GBX 1,350 ($16.29) price objective on the stock.

A number of other brokerages also recently issued reports on BRBY. Royal Bank Of Canada upgraded shares of Burberry Group plc to a sector performer rating and lifted their price target for the stock from GBX 1,200 ($14.48) to GBX 1,400 ($16.89) in a research note on Friday, September 30th. Haitong Bank reiterated a neutral rating and issued a GBX 1,415 ($17.07) price target on shares of Burberry Group plc in a research note on Tuesday. BNP Paribas reiterated a neutral rating and issued a GBX 1,490 ($17.98) price target on shares of Burberry Group plc in a research note on Thursday, December 15th. Barclays PLC lifted their price target on shares of Burberry Group plc from GBX 1,320 ($15.92) to GBX 1,350 ($16.29) and gave the stock an equal weight rating in a research note on Tuesday, October 4th. Finally, Credit Suisse Group AG reiterated an underperform rating and issued a GBX 1,150 ($13.87) price target on shares of Burberry Group plc in a research note on Tuesday, October 18th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 1,463.75 ($17.66).

Shares of Burberry Group plc (LON:BRBY) opened at 1666.00 on Wednesday. The stock’s market capitalization is GBX 7.31 billion. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,692.00. The stock has a 50 day moving average of GBX 1,488.78 and a 200 day moving average of GBX 1,394.28.

The business 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. The ex-dividend date is Thursday, December 22nd. This represents a dividend yield of 0.72%.

In other Burberry Group plc news, insider Carolyn McCall acquired 1,368 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were acquired at an average cost of GBX 1,449 ($17.48) per share, for a total transaction 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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