Burberry Group plc (LON:BRBY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Burberry Group plc (LON:BRBY) have received an average rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,978.75 ($25.86).

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada upped their price target on Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Bryan, Garnier & Co upgraded Burberry Group from a “sell” rating to a “neutral” rating in a research report on Monday, May 20th. Morgan Stanley set a $70.00 price target on Edison International and gave the company a “hold” rating in a research report on Monday, July 15th. Deutsche Bank upped their price target on Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Main First Bank upgraded Burberry Group to an “outperform” rating and upped their price target for the company from GBX 1,800 ($23.52) to GBX 2,150 ($28.09) in a research report on Thursday, July 4th.

In other Burberry Group news, insider Julie Brown acquired 24,051 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average cost of GBX 1,775 ($23.19) per share, for a total transaction of £426,905.25 ($557,827.32).

LON:BRBY traded down GBX 4 ($0.05) during trading hours on Tuesday, hitting GBX 2,328 ($30.42). 1,693,062 shares of the stock were exchanged, compared to its average volume of 2,130,000. Burberry Group has a 52-week low of GBX 1,618.50 ($21.15) and a 52-week high of GBX 2,338 ($30.55). The business’s fifty day simple moving average is GBX 1,869.51. The company has a current ratio of 2.51, a quick ratio of 1.70 and a debt-to-equity ratio of 2.55. The firm has a market cap of $9.58 billion and a P/E ratio of 28.49.

The firm also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be issued a GBX 31.50 ($0.41) dividend. The ex-dividend date is Thursday, June 27th. This is a boost from Burberry Group’s previous dividend of $11.00. This represents a yield of 1.69%. Burberry Group’s dividend payout ratio is currently 0.51%.

Burberry Group Company Profile

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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Analyst Recommendations for Burberry Group (LON:BRBY)

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