Burberry Group (LON:BRBY) PT Lowered to GBX 1,900 at Royal Bank of Canada

Burberry Group (LON:BRBY) had its price objective cut by Royal Bank of Canada from GBX 1,930 ($25.39) to GBX 1,900 ($24.99) in a research report released on Thursday morning, Stock Target Advisor reports. They currently have an underperform rating on the stock.

A number of other equities analysts also recently commented on BRBY. Deutsche Bank reissued a hold rating on shares of Burberry Group in a research report on Thursday, January 16th. Bryan, Garnier & Co upped their price target on Burberry Group from GBX 1,780 ($23.41) to GBX 1,860 ($24.47) and gave the company a neutral rating in a report on Friday, January 10th. Morgan Stanley upped their price target on Burberry Group from GBX 2,000 ($26.31) to GBX 2,200 ($28.94) and gave the company an equal weight rating in a report on Friday, January 17th. UBS Group upped their price target on Burberry Group from GBX 2,202 ($28.97) to GBX 2,258 ($29.70) and gave the company a neutral rating in a report on Tuesday. Finally, Jefferies Financial Group reaffirmed an underperform rating on shares of Burberry Group in a report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 2,048.20 ($26.94).

Shares of Burberry Group stock traded up GBX 5 ($0.07) on Thursday, reaching GBX 2,099 ($27.61). 1,252,357 shares of the company were exchanged, compared to its average volume of 2,130,000. Burberry Group has a 1-year low of GBX 1,678 ($22.07) and a 1-year high of GBX 2,362 ($31.07). The company has a market cap of $8.65 billion and a P/E ratio of 24.24. The company has a debt-to-equity ratio of 88.99, a current ratio of 1.69 and a quick ratio of 1.06. The stock’s 50 day moving average price is GBX 2,194.40 and its 200-day moving average price is GBX 2,124.82.

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, December 19th will be issued a GBX 11.30 ($0.15) dividend. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, December 19th. Burberry Group’s payout ratio is currently 0.50%.

In other news, insider Debra L. Lee acquired 450 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of GBX 2,194 ($28.86) per share, with a total value of £9,873 ($12,987.37).

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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