The JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Burberry Group plc (BRBY)

The JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Burberry Group plc (BRBY)

JPMorgan Chase & Co. reiterated their neutral rating on shares of Burberry Group plc (LON:BRBY) in a research report sent to investors on Tuesday.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada raised shares of Burberry Group plc to a sector performer rating and boosted their price objective for the company from GBX 1,200 ($14.48) to GBX 1,400 ($16.89) in a research report on Friday, September 30th. Deutsche Bank AG boosted their price objective on shares of Burberry Group plc from GBX 1,350 ($16.29) to GBX 1,475 ($17.79) and gave the company a hold rating in a research report on Tuesday, October 11th. Credit Suisse Group AG reissued an underperform rating and set a GBX 1,150 ($13.87) price objective on shares of Burberry Group plc in a research report on Tuesday, October 18th. Haitong Bank boosted their price objective on shares of Burberry Group plc from GBX 1,400 ($16.89) to GBX 1,415 ($17.07) and gave the company a neutral rating in a research report on Monday, October 24th. Finally, BNP Paribas reissued a neutral rating and set a GBX 1,460 ($17.61) price objective on shares of Burberry Group plc in a research report on Monday, October 17th. 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 company’s stock. The company currently has an average rating of Hold and an average price target of GBX 1,473.25 ($17.77).

Burberry Group plc (LON:BRBY) opened at 1666.00 on Tuesday. Burberry Group plc has a 1-year low of GBX 1,039.00 and a 1-year high of GBX 1,692.00. The company’s market cap is GBX 7.31 billion. The company has a 50-day moving average price of GBX 1,495.73 and a 200-day moving average price of GBX 1,396.16.

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

In other news, insider Carolyn McCall purchased 1,368 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were bought 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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