Societe Generale reaffirmed their hold rating on shares of Burberry Group plc (LON:BRBY) in a research report sent to investors on Friday morning. The brokerage currently has a GBX 1,800 ($23.67) target price on the stock.
BRBY has been the topic of several other reports. Deutsche Bank AG increased their target price on shares of Burberry Group plc from GBX 1,650 ($21.70) to GBX 1,775 ($23.35) and gave the stock a hold rating in a research report on Wednesday, September 27th. Credit Suisse Group reissued a neutral rating on shares of Burberry Group plc in a research report on Friday, July 21st. BNP Paribas reissued a neutral rating and set a GBX 1,650 ($21.70) target price on shares of Burberry Group plc in a research report on Thursday, July 13th. Liberum Capital reissued a sell rating and set a GBX 1,350 ($17.76) target price on shares of Burberry Group plc in a research report on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 1,700 ($22.36) target price on shares of Burberry Group plc in a research report on Monday, July 24th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Burberry Group plc currently has an average rating of Hold and a consensus target price of GBX 1,715.29 ($22.56).
Burberry Group plc (LON BRBY) opened at GBX 1,743 ($22.93) on Friday. Burberry Group plc has a 1 year low of GBX 1,367 ($17.98) and a 1 year high of GBX 2,024 ($26.62).
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The company also recently announced a dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 21st will be given a dividend of GBX 11 ($0.14) per share. This represents a yield of 0.63%. The ex-dividend date is Thursday, December 21st.
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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