Burberry Group plc (BRBY) Stock Rating Reaffirmed by HSBC

Burberry Group plc (LON:BRBY)‘s stock had its ” hold” rating reiterated by equities researchers at HSBC in a report issued on Wednesday. They currently have a GBX 1,630 ($19.82) price objective on the stock. HSBC’s price target would suggest a potential upside of 6.33% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Berenberg Bank initiated coverage on Burberry Group plc in a report on Thursday, October 13th. They set a “buy” rating and a GBX 1,725 ($20.98) price objective on the stock. Barclays PLC upped their price objective on Burberry Group plc from GBX 1,320 ($16.05) to GBX 1,350 ($16.42) and gave the stock an “equal weight” rating in a report on Tuesday, October 4th. Societe Generale raised Burberry Group plc to a “hold” rating and upped their price objective for the stock from GBX 1,300 ($15.81) to GBX 1,505 ($18.30) in a report on Tuesday, October 11th. Deutsche Bank AG upped their price objective on Burberry Group plc from GBX 1,350 ($16.42) to GBX 1,475 ($17.94) and gave the stock a “hold” rating in a report on Tuesday, October 11th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 1,290 ($15.69) price objective on shares of Burberry Group plc in a report on Thursday, October 6th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 1,432.75 ($17.42).

Analyst Recommendations for Burberry Group plc (LON:BRBY)

Shares of Burberry Group plc (LON:BRBY) traded up 1.83% on Wednesday, hitting GBX 1561.00. 3,745,825 shares of the stock traded hands. The firm has a 50 day moving average price of GBX 1,453.22 and a 200 day moving average price of GBX 1,365.41. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,571.50. The firm’s market cap is GBX 6.85 billion.

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

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In other Burberry Group plc news, insider Carolyn McCall purchased 1,368 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was bought at an average cost of GBX 1,449 ($17.62) per share, for a total transaction of £19,822.32 ($24,105.95).

Burberry Group plc Company Profile

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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