Burberry Group’s (BRBY) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Burberry Group (LON:BRBY) in a report released on Monday. The firm currently has a GBX 1,720 ($23.33) price target on the stock.

Several other research firms also recently issued reports on BRBY. Kepler Capital Markets restated a hold rating and issued a GBX 1,820 ($24.68) price objective on shares of Burberry Group in a research note on Wednesday, November 1st. Deutsche Bank upped their target price on shares of Burberry Group from GBX 1,775 ($24.07) to GBX 1,800 ($24.41) and gave the company a hold rating in a report on Thursday, October 12th. Berenberg Bank reaffirmed a buy rating and issued a GBX 1,900 ($25.77) target price on shares of Burberry Group in a report on Thursday, October 12th. Royal Bank of Canada upped their target price on shares of Burberry Group from GBX 1,550 ($21.02) to GBX 1,600 ($21.70) and gave the company an underperform rating in a report on Tuesday, October 3rd. Finally, Barclays reaffirmed an overweight rating and issued a GBX 1,900 ($25.77) target price on shares of Burberry Group in a report on Thursday, January 4th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 1,714.81 ($23.25).

Burberry Group (LON:BRBY) traded up GBX 7 ($0.09) during midday trading on Monday, reaching GBX 1,777 ($24.10). 1,360,000 shares of the company’s stock traded hands, compared to its average volume of 1,320,000. Burberry Group has a one year low of GBX 1,472 ($19.96) and a one year high of GBX 2,024 ($27.45). The firm has a market capitalization of $7,540.00 and a P/E ratio of 2,538.57.

The business also recently announced a dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, December 21st will be issued a GBX 11 ($0.15) dividend. The ex-dividend date is Thursday, December 21st. This represents a yield of 0.63%.

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About Burberry Group

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 (LON:BRBY)

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