Burberry Group’s (BRBY) Neutral Rating Reiterated at UBS Group

UBS Group reaffirmed their neutral rating on shares of Burberry Group (LON:BRBY) in a research note issued to investors on Friday, November 8th, ThisIsMoney.Co.Uk reports.

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A number of other equities analysts also recently commented on the company. Deutsche Bank restated a hold rating on shares of Burberry Group in a research note on Tuesday, October 22nd. BNP Paribas boosted their price objective on Burberry Group from GBX 1,700 ($22.21) to GBX 2,050 ($26.79) and gave the stock a neutral rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. boosted their price objective on Burberry Group from GBX 1,850 ($24.17) to GBX 2,000 ($26.13) and gave the stock a neutral rating in a research report on Wednesday, July 17th. Bank of America reiterated an underperform rating and set a GBX 1,850 ($24.17) price objective on shares of Burberry Group in a research report on Tuesday, October 8th. Finally, HSBC reiterated a hold rating on shares of Burberry Group in a research report on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 2,011.43 ($26.28).

Burberry Group stock traded up GBX 23 ($0.30) during midday trading on Friday, hitting GBX 2,152 ($28.12). The stock had a trading volume of 2,974,217 shares, compared to its average volume of 2,130,000. The company has a current ratio of 1.69, a quick ratio of 1.10 and a debt-to-equity ratio of 88.99. The stock has a market cap of $8.81 billion and a P/E ratio of 24.85. Burberry Group has a 12 month low of GBX 1,618.50 ($21.15) and a 12 month high of GBX 2,362 ($30.86). The business has a fifty day moving average price of GBX 2,033.34 and a 200 day moving average price of GBX 2,015.94.

The business also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, December 19th will be issued a dividend of GBX 11.30 ($0.15) per share. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, December 19th. Burberry Group’s dividend payout ratio is currently 0.48%.

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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