Jefferies Financial Group downgraded shares of Burberry Group (LON:BRBY) to an underperform rating in a research note issued to investors on Wednesday morning, Digital Look reports. The brokerage currently has GBX 2,000 ($26.13) target price on the stock, up from their previous target price of GBX 1,800 ($23.52).
A number of other equities research analysts have also recently issued reports on the company. Goldman Sachs Group set a €94.00 ($109.30) target price on Henkel AG & Co KGaA and gave the stock a neutral rating in a research report on Friday, June 28th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of SS&C Technologies in a research report on Monday, July 1st. UBS Group set a $25.00 target price on Macy’s and gave the stock a hold rating in a research report on Friday, May 17th. Credit Suisse Group reaffirmed a hold rating and set a $32.00 target price on shares of CRH in a research report on Friday, July 5th. Finally, Sanford C. Bernstein raised Burberry Group from an underperform rating to a market perform rating in a research report on Tuesday, May 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. Burberry Group presently has an average rating of Hold and an average target price of GBX 1,955 ($25.55).
Shares of Burberry Group stock opened at GBX 2,328 ($30.42) on Wednesday. The company has a market capitalization of $9.58 billion and a PE ratio of 28.49. The company has a quick ratio of 1.70, a current ratio of 2.51 and a debt-to-equity ratio of 2.55. The stock’s 50 day moving average is GBX 1,869.51. Burberry Group has a 12-month low of GBX 1,618.50 ($21.15) and a 12-month high of GBX 2,338 ($30.55).
The firm also recently disclosed a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be given a GBX 31.50 ($0.41) dividend. This represents a dividend yield of 1.69%. This is a boost from Burberry Group’s previous dividend of $11.00. The ex-dividend date is Thursday, June 27th. Burberry Group’s dividend payout ratio is currently 0.51%.
In other Burberry Group news, insider Julie Brown acquired 24,051 shares of Burberry Group stock in a transaction dated Friday, June 21st. The stock was bought at an average cost of GBX 1,775 ($23.19) per share, with a total value 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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