Burberry Group’s (BRBY) “Equal Weight” Rating Reiterated at Barclays

Barclays reissued their equal weight rating on shares of Burberry Group (LON:BRBY) in a research report sent to investors on Tuesday morning, Price Targets.com reports. Barclays currently has a GBX 2,000 ($27.15) price target on the stock.

Several other equities research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a hold rating on shares of Burberry Group in a research report on Tuesday, October 19th. Royal Bank of Canada raised their price target on shares of Burberry Group from GBX 1,950 ($26.47) to GBX 1,980 ($26.88) and gave the stock a sector perform rating in a research report on Friday, November 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Burberry Group currently has a consensus rating of Hold and a consensus price target of GBX 2,186.43 ($29.68).

Burberry Group stock opened at GBX 1,719 ($23.33) on Tuesday. The firm has a fifty day moving average price of GBX 1,825.45 and a two-hundred day moving average price of GBX 1,906.07. Burberry Group has a fifty-two week low of GBX 1,673.50 ($22.72) and a fifty-two week high of GBX 2,267 ($30.77). The company has a debt-to-equity ratio of 92.56, a current ratio of 2.60 and a quick ratio of 1.96. The firm has a market cap of £6.92 billion and a price-to-earnings ratio of 14.81.

The company also recently disclosed a dividend, which will be paid on Friday, January 28th. Shareholders of record on Thursday, December 16th will be given a dividend of GBX 11.60 ($0.16) per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, December 16th. Burberry Group’s dividend payout ratio is currently 0.37%.

About Burberry Group

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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