JPMorgan Chase & Co. Reaffirms Neutral Rating for Burberry Group (LON:BRBY)

JPMorgan Chase & Co. reiterated their neutral rating on shares of Burberry Group (LON:BRBY) in a report issued on Tuesday morning, MarketBeat reports. The brokerage currently has a GBX 1,050 ($13.32) price target on the stock.

Separately, Royal Bank of Canada decreased their target price on Burberry Group from GBX 1,500 ($19.03) to GBX 1,200 ($15.22) and set a sector perform rating for the company in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of GBX 1,540.67 ($19.54).

Burberry Group Trading Down 2.1 %

Shares of BRBY stock opened at GBX 899.80 ($11.41) on Tuesday. The stock has a market cap of £3.23 billion, a price-to-earnings ratio of 1,215.95, a PEG ratio of 1.85 and a beta of 1.13. The stock has a 50-day moving average of GBX 1,072.21 and a 200-day moving average of GBX 1,219.63. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70. Burberry Group has a 1-year low of GBX 898.20 ($11.39) and a 1-year high of GBX 2,275 ($28.86).

Burberry Group Increases Dividend

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 42.70 ($0.54) dividend. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 3.59%. This is a positive change from Burberry Group’s previous dividend of $18.30. Burberry Group’s dividend payout ratio is currently 8,243.24%.

Insider Transactions at Burberry Group

In other Burberry Group news, insider Jonathan Akeroyd sold 12,911 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 974 ($12.36), for a total transaction of £125,753.14 ($159,524.47). Corporate insiders own 0.19% of the company’s stock.

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 provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.