Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reissued by equities research analysts at BNP Paribas in a research note issued on Wednesday, StockTargetPrices.com reports. They currently have a GBX 1,490 ($18.62) target price on the stock. BNP Paribas’ price target would indicate a potential upside of 3.76% from the stock’s previous close.
Several other analysts have also recently weighed in on BRBY. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Burberry Group plc in a report on Tuesday, July 12th. Citigroup Inc. reaffirmed a “neutral” rating on shares of Burberry Group plc in a report on Tuesday, July 12th. Macquarie raised their price target on Burberry Group plc from GBX 1,190 ($14.87) to GBX 1,250 ($15.62) and gave the company a “neutral” rating in a report on Tuesday, July 12th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 975 ($12.18) price target on shares of Burberry Group plc in a report on Thursday, July 14th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 1,220 ($15.24) price objective on shares of Burberry Group plc in a report on Thursday, July 14th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 1,409.29 ($17.61).
Shares of Burberry Group plc (LON:BRBY) traded up 0.42% during trading on Wednesday, reaching GBX 1436.00. The company’s stock had a trading volume of 827,780 shares. The stock’s 50 day moving average price is GBX 1,451.24 and its 200-day moving average price is GBX 1,290.59. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,567.00. The stock’s market cap is GBX 6.30 billion.
The business also recently disclosed a dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, December 22nd will be paid a dividend of GBX 10.50 ($0.13) per share. This represents a yield of 0.72%. The ex-dividend date of this dividend is Thursday, December 22nd.
In related news, insider Carolyn McCall acquired 1,368 shares of the stock in a transaction on Thursday, November 10th. The stock was acquired at an average price of GBX 1,449 ($18.10) per share, for a total transaction of £19,822.32 ($24,765.52).
About Burberry Group plc