Burberry Group plc (BRBY) Receives “Buy” Rating from Berenberg Bank

Burberry Group plc (LON:BRBY)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a report issued on Monday, May 15th. They presently have a GBX 1,840 ($23.28) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 7.04% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Credit Suisse Group raised shares of Burberry Group plc to a “neutral” rating and increased their price objective for the stock from GBX 1,300 ($16.45) to GBX 1,550 ($19.61) in a report on Wednesday, May 10th. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,900 ($24.04) target price on shares of Burberry Group plc in a research report on Wednesday, April 26th. Bryan, Garnier & Co reiterated a “sell” rating on shares of Burberry Group plc in a research report on Thursday, April 20th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 1,600 ($20.24) target price on shares of Burberry Group plc in a research report on Thursday, April 20th. Finally, Beaufort Securities restated a “buy” rating and set a GBX 1,920 ($24.29) price objective on shares of Burberry Group plc in a research report on Thursday, April 20th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,607.89 ($20.34).

Analyst Recommendations for Burberry Group plc (LON:BRBY)

Shares of Burberry Group plc (LON BRBY) traded up 1.90% during trading on Monday, hitting GBX 1719.00. The stock had a trading volume of 4,871,194 shares. The stock’s 50 day moving average price is GBX 1,702.97 and its 200-day moving average price is GBX 1,643.53. The stock’s market cap is GBX 7.48 billion. Burberry Group plc has a one year low of GBX 1,053.00 and a one year high of GBX 1,879.00.

The firm also recently declared a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, July 6th will be paid a dividend of GBX 28.40 ($0.36) per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a yield of 1.65%. This is an increase from Burberry Group plc’s previous dividend of $10.50.

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In other Burberry Group plc news, insider Julie Brown purchased 9,621 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were purchased at an average price of GBX 1,725 ($21.82) per share, for a total transaction of £165,962.25 ($209,945.92).

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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