Burberry Group plc’s (BRBY) “Neutral” Rating Reaffirmed at BNP Paribas

BNP Paribas reiterated their neutral rating on shares of Burberry Group plc (LON:BRBY) in a report released on Thursday, July 20th. BNP Paribas currently has a GBX 1,650 ($21.42) price objective on the stock.

BRBY has been the topic of a number of other reports. Citigroup Inc. reiterated a neutral rating and set a GBX 1,760 ($22.85) target price on shares of Burberry Group plc in a research note on Wednesday, June 28th. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 1,600 ($20.77) target price on shares of Burberry Group plc in a research note on Thursday, April 20th. Credit Suisse Group upgraded Burberry Group plc to a neutral rating and lifted their target price for the stock from GBX 1,300 ($16.88) to GBX 1,550 ($20.12) in a research note on Wednesday, May 10th. Deutsche Bank AG boosted their price objective on Burberry Group plc from GBX 1,600 ($20.77) to GBX 1,615 ($20.97) and gave the company a hold rating in a research note on Monday, May 22nd. Finally, Barclays PLC restated an overweight rating and issued a GBX 1,900 ($24.67) price objective on shares of Burberry Group plc in a research note on Wednesday, April 26th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 1,658.35 ($21.53).

Shares of Burberry Group plc (BRBY) traded up 0.92% during mid-day trading on Thursday, reaching GBX 1762.00. 687,012 shares of the company were exchanged. The firm has a 50-day moving average price of GBX 1,694.29 and a 200 day moving average price of GBX 1,703.33. The stock’s market capitalization is GBX 7.66 billion. Burberry Group plc has a 12 month low of GBX 1,228.00 and a 12 month high of GBX 1,879.00.

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The firm also recently announced a dividend, which was paid on Friday, August 4th. Investors of record on Thursday, July 6th were issued a dividend of GBX 28.40 ($0.37) per share. This represents a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, July 6th. This is an increase from Burberry Group plc’s previous dividend of $10.50.

In other news, insider Julie Brown purchased 9,621 shares of Burberry Group plc stock in a transaction that occurred on Friday, May 19th. The shares were bought at an average cost of GBX 1,725 ($22.39) per share, with a total value of £165,962.25 ($215,451.45). Also, insider Christopher Bailey sold 174,050 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of GBX 1,797 ($23.33), for a total value of £3,127,678.50 ($4,060,338.18).

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.

Analyst Recommendations for Burberry Group plc (LON:BRBY)

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