Kepler Capital Markets upgraded shares of Burberry Group (LON:BRBY) to a hold rating in a research note issued to investors on Friday. They currently have GBX 1,780 ($23.26) price objective on the stock, down from their prior price objective of GBX 1,870 ($24.43).
A number of other equities analysts also recently weighed in on the stock. Citigroup restated a neutral rating on shares of Burberry Group in a report on Wednesday, September 5th. Deutsche Bank restated a hold rating and set a GBX 1,800 ($23.52) target price on shares of Burberry Group in a report on Monday, October 29th. HSBC upgraded shares of Burberry Group to a hold rating and lowered their target price for the stock from GBX 2,100 ($27.44) to GBX 1,950 ($25.48) in a report on Friday, October 26th. Berenberg Bank boosted their target price on shares of Burberry Group from GBX 1,890 ($24.70) to GBX 2,270 ($29.66) and gave the stock a buy rating in a report on Tuesday, October 23rd. Finally, Goldman Sachs Group downgraded shares of Burberry Group to a neutral rating and boosted their target price for the stock from GBX 2,395 ($31.29) to GBX 2,536 ($33.14) in a report on Friday, September 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 2,003.94 ($26.18).
Shares of BRBY opened at GBX 1,824.50 ($23.84) on Friday. Burberry Group has a 1-year low of GBX 1,481.50 ($19.36) and a 1-year high of GBX 2,024 ($26.45).
The business also recently disclosed a dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, December 20th will be issued a GBX 11 ($0.14) dividend. The ex-dividend date is Thursday, December 20th. This represents a dividend yield of 0.61%.
About Burberry Group
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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