Burberry Group (LON:BRBY) PT Raised to GBX 2,350

Burberry Group (LON:BRBY) had its price objective boosted by Credit Suisse Group from GBX 1,950 ($25.48) to GBX 2,350 ($30.71) in a report published on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a neutral rating on the stock.

BRBY has been the subject of a number of other research reports. Sanford C. Bernstein raised Burberry Group from an underperform rating to a market perform rating in a research report on Tuesday, May 21st. Bryan, Garnier & Co raised Burberry Group from a sell rating to a neutral rating in a research report on Monday, May 20th. Jefferies Financial Group lowered Keppel REIT from a buy rating to a hold rating in a research report on Wednesday. UBS Group set a $25.00 price target on Macy’s and gave the company a hold rating in a research report on Friday, May 17th. Finally, Main First Bank raised Burberry Group to an outperform rating and upped their price target for the company from GBX 1,800 ($23.52) to GBX 2,150 ($28.09) in a research report on Thursday, July 4th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. Burberry Group has an average rating of Hold and an average price target of GBX 1,955 ($25.55).

BRBY opened at GBX 2,328 ($30.42) on Wednesday. The firm’s 50 day simple moving average is GBX 1,869.51. The company has a market cap of $9.58 billion and a price-to-earnings ratio of 28.49. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.51 and a quick ratio of 1.70. Burberry Group has a one year low of GBX 1,618.50 ($21.15) and a one year high of GBX 2,338 ($30.55).

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 1.69%. This is a positive change from Burberry Group’s previous dividend of $11.00. Burberry Group’s dividend payout ratio is currently 0.51%.

In other news, insider Julie Brown bought 24,051 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was purchased at an average price of GBX 1,775 ($23.19) per share, with a total value of £426,905.25 ($557,827.32).

Burberry Group Company Profile

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.

Further Reading: Depreciation

Analyst Recommendations for Burberry Group (LON:BRBY)

Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.