Royal Bank of Canada Raises Burberry Group (LON:BRBY) Price Target to GBX 1,975

Burberry Group (LON:BRBY) had its price objective increased by Royal Bank of Canada from GBX 1,800 ($23.52) to GBX 1,975 ($25.81) in a research report released on Tuesday morning, Digital Look reports. They currently have an underperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Goldman Sachs Group set a €94.00 ($109.30) price objective on shares of Henkel AG & Co KGaA and gave the company a neutral rating in a research note on Friday, June 28th. Bank of America lifted their price objective on shares of Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the company an outperform rating in a research note on Wednesday, April 3rd. Credit Suisse Group set a GBX 3,090 ($40.38) price objective on shares of Royal Dutch Shell and gave the company a buy rating in a research note on Wednesday. JPMorgan Chase & Co. restated a neutral rating on shares of SUZUKI MTR CORP/ADR in a research note on Wednesday. Finally, Deutsche Bank boosted their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. Burberry Group currently has a consensus rating of Hold and a consensus price target of GBX 1,955 ($25.55).

Shares of LON BRBY opened at GBX 2,339 ($30.56) on Tuesday. Burberry Group has a fifty-two week low of GBX 1,618.50 ($21.15) and a fifty-two week high of GBX 2,338 ($30.55). The company’s 50-day moving average is GBX 1,857.65. 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 company has a market capitalization of $9.60 billion and a PE ratio of 28.63.

The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be given 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 payout ratio is 0.51%.

In other Burberry Group news, insider Julie Brown purchased 24,051 shares of the company’s stock in a transaction 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).

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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Analyst Recommendations for Burberry Group (LON:BRBY)

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