Burberry Group plc (LON:BRBY) Earns “Overweight” Rating from Barclays PLC

Barclays PLC reissued their overweight rating on shares of Burberry Group plc (LON:BRBY) in a research note released on Thursday. Barclays PLC currently has a GBX 1,900 ($24.81) price target on the stock.

Other equities analysts also recently issued research reports about the stock. Beaufort Securities restated a buy rating and set a GBX 1,920 ($25.07) price objective on shares of Burberry Group plc in a research report on Thursday, April 20th. Berenberg Bank reaffirmed a buy rating and set a GBX 1,840 ($24.03) price target on shares of Burberry Group plc in a research note on Monday, May 15th. UBS AG upped their price target on shares of Burberry Group plc from GBX 1,990 ($25.99) to GBX 2,050 ($26.77) and gave the stock a buy rating in a research note on Friday, May 19th. Deutsche Bank AG lowered their price target on shares of Burberry Group plc from GBX 1,650 ($21.55) to GBX 1,600 ($20.89) and set a hold rating on the stock in a research note on Thursday, April 20th. Finally, Societe Generale upped their price target on shares of Burberry Group plc from GBX 1,615 ($21.09) to GBX 1,760 ($22.98) and gave the stock a hold rating in a research note on Tuesday, April 18th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 1,647.35 ($21.51).

Shares of Burberry Group plc (LON:BRBY) opened at 1653.00 on Thursday. The firm’s market cap is GBX 7.19 billion. Burberry Group plc has a 52-week low of GBX 1,220.00 and a 52-week high of GBX 1,879.00. The company’s 50-day moving average is GBX 1,734.41 and its 200 day moving average is GBX 1,664.21.

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The company 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 ($0.37) per share. This is a boost from Burberry Group plc’s previous dividend of $10.50. This represents a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, July 6th.

In other news, insider Julie Brown purchased 9,621 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were bought at an average cost of GBX 1,725 ($22.53) per share, with a total value of £165,962.25 ($216,717.48).

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.

Analyst Recommendations for Burberry Group plc (LON:BRBY)

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