J P Morgan Chase & Co Trims Burberry Group plc (BRBY) Target Price to GBX 1,720

Burberry Group plc (LON:BRBY) had its price objective cut by J P Morgan Chase & Co from GBX 1,800 ($23.67) to GBX 1,720 ($22.62) in a research report report published on Friday. They currently have a neutral rating on the stock.

BRBY has been the topic of several other research reports. HSBC Holdings plc boosted their target price on shares of Burberry Group plc from GBX 1,580 ($20.78) to GBX 1,680 ($22.10) and gave the company a reduce rating in a report on Monday, October 2nd. Deutsche Bank AG upped their price objective on shares of Burberry Group plc from GBX 1,775 ($23.35) to GBX 1,800 ($23.67) and gave the company a hold rating in a report on Thursday, October 12th. Bryan, Garnier & Co reiterated a sell rating on shares of Burberry Group plc in a report on Monday, September 11th. Barclays PLC reiterated an overweight rating and set a GBX 1,900 ($24.99) price objective on shares of Burberry Group plc in a report on Thursday, October 5th. Finally, Morgan Stanley boosted their target price on shares of Burberry Group plc from GBX 1,495 ($19.66) to GBX 1,748 ($22.99) and gave the stock an equal weight rating in a research report on Tuesday, September 19th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Burberry Group plc currently has an average rating of Hold and a consensus price target of GBX 1,715.29 ($22.56).

Burberry Group plc (BRBY) traded down GBX 6 ($0.08) during mid-day trading on Friday, reaching GBX 1,740 ($22.89). 2,610,000 shares of the company traded hands, compared to its average volume of 2,360,000. Burberry Group plc has a 1-year low of GBX 1,367 ($17.98) and a 1-year high of GBX 2,024 ($26.62).

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The company also recently announced a dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, December 21st will be paid a GBX 11 ($0.14) dividend. This represents a yield of 0.63%. The ex-dividend date of this dividend is Thursday, December 21st.

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.

Analyst Recommendations for Burberry Group plc (LON:BRBY)

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