Burberry Group (LON:BRBY) PT Raised to GBX 2,200

Burberry Group (LON:BRBYGet Rating) had its price objective increased by Royal Bank of Canada from GBX 2,040 ($25.26) to GBX 2,200 ($27.24) in a research report report published on Tuesday, MarketBeat.com reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Burberry Group from GBX 1,950 ($24.14) to GBX 2,200 ($27.24) and gave the stock a hold rating in a report on Friday, November 18th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 2,000 ($24.76) price objective on shares of Burberry Group in a research report on Friday, September 30th. Finally, Barclays reissued an equal weight rating and set a GBX 2,050 ($25.38) price objective on shares of Burberry Group in a research report on Friday, November 18th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of GBX 2,036 ($25.21).

Burberry Group Stock Up 0.7 %

Shares of LON BRBY opened at GBX 2,381 ($29.48) on Tuesday. Burberry Group has a one year low of GBX 1,473.50 ($18.24) and a one year high of GBX 2,396 ($29.66). The company has a debt-to-equity ratio of 98.82, a current ratio of 2.26 and a quick ratio of 1.63. The firm’s 50 day simple moving average is GBX 2,136.22 and its two-hundred day simple moving average is GBX 1,913.96. The stock has a market capitalization of £9.04 billion and a P/E ratio of 2,145.05.

Burberry Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, December 15th will be given a GBX 16.50 ($0.20) dividend. This represents a yield of 0.83%. The ex-dividend date is Thursday, December 15th. Burberry Group’s dividend payout ratio (DPR) is presently 42.34%.

Insider Transactions at Burberry Group

In related news, insider Julie Brown sold 16,000 shares of the company’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of GBX 2,150 ($26.62), for a total transaction of £344,000 ($425,900.71).

Burberry Group Company Profile

(Get Rating)

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.

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