Berenberg Bank Reaffirms “Buy” Rating for Burberry Group plc (BRBY)

Burberry Group plc (LON:BRBY)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report issued on Monday, May 15th. They presently have a GBX 1,840 ($23.28) price objective on the stock. Berenberg Bank’s price target points to a potential upside of 7.04% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Beaufort Securities reissued a “buy” rating and set a GBX 1,920 ($24.29) target price on shares of Burberry Group plc in a research report on Thursday, April 20th. Societe Generale reissued a “hold” rating and set a GBX 1,615 ($20.43) target price on shares of Burberry Group plc in a research report on Thursday, January 19th. Jefferies Group LLC boosted their target price on shares of Burberry Group plc from GBX 1,290 ($16.32) to GBX 1,480 ($18.72) and gave the stock a “hold” rating in a research report on Thursday, January 19th. Deutsche Bank AG boosted their price target on shares of Burberry Group plc from GBX 1,475 ($18.66) to GBX 1,525 ($19.29) and gave the stock a “hold” rating in a report on Thursday, January 19th. Finally, HSBC Holdings plc restated a “hold” rating and set a GBX 1,630 ($20.62) price target on shares of Burberry Group plc in a report on Wednesday, February 8th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 1,607.89 ($20.34).

Analyst Recommendations for Burberry Group plc (LON:BRBY)

Burberry Group plc (BRBY) traded up 1.90% during trading on Monday, hitting GBX 1719.00. 4,871,194 shares of the stock were exchanged. The firm’s 50-day moving average is GBX 1,702.97 and its 200 day moving average is GBX 1,643.53. Burberry Group plc has a 52 week low of GBX 1,053.00 and a 52 week high of GBX 1,879.00. The firm’s market cap is GBX 7.48 billion.

The company also recently announced a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, July 6th will be issued a dividend of GBX 28.40 ($0.36) per share. This represents a yield of 1.65%. The ex-dividend date of this dividend is Thursday, July 6th. This is a positive change from Burberry Group plc’s previous dividend of $10.50.

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In related news, insider Julie Brown purchased 9,621 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were purchased at an average price of GBX 1,725 ($21.82) per share, with a total value of £165,962.25 ($209,945.92).

Burberry Group plc Company Profile

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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