HSBC Reaffirms “Hold” Rating for Burberry Group (BRBY)

HSBC restated their hold rating on shares of Burberry Group (LON:BRBY) in a research note issued to investors on Tuesday.

A number of other research firms have also recently issued reports on BRBY. Credit Suisse Group raised their target price on shares of Burberry Group from GBX 1,850 ($24.17) to GBX 2,200 ($28.75) and gave the stock an outperform rating in a research note on Thursday, August 23rd. Berenberg Bank raised their target price on shares of Burberry Group from GBX 2,220 ($29.01) to GBX 2,350 ($30.71) and gave the stock a buy rating in a research note on Friday, August 10th. BNP Paribas raised their target price on shares of Burberry Group from GBX 1,800 ($23.52) to GBX 1,950 ($25.48) and gave the stock a neutral rating in a research note on Friday, August 10th. Citigroup restated a neutral rating on shares of Burberry Group in a research note on Wednesday, September 5th. Finally, Royal Bank of Canada raised their target price on shares of Burberry Group from GBX 1,750 ($22.87) to GBX 1,875 ($24.50) and gave the stock an underperform rating in a research note on Friday, September 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 2,003.94 ($26.18).

LON BRBY opened at GBX 1,755 ($22.93) on Tuesday. Burberry Group has a 52-week low of GBX 1,481.50 ($19.36) and a 52-week high of GBX 2,024 ($26.45).



The firm also recently disclosed a dividend, which will be paid on Friday, February 1st. Shareholders of record on Thursday, December 20th will be paid a GBX 11 ($0.14) dividend. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, December 20th.

In other Burberry Group news, insider Matthew Key acquired 1,150 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was acquired at an average price of GBX 1,714 ($22.40) per share, for a total transaction of £19,711 ($25,755.91).

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.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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