Burberry Group plc’s (LON:BRBY) “Neutral” Rating Reiterated at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) reaffirmed their neutral rating on shares of Burberry Group plc (LON:BRBY) in a report issued on Monday. They currently have a GBX 1,700 ($22.15) target price on the stock.

Several other equities analysts also recently weighed in on BRBY. HSBC Holdings plc reaffirmed a hold rating and issued a GBX 1,630 ($21.24) price objective on shares of Burberry Group plc in a research note on Tuesday, March 28th. BNP Paribas reaffirmed a neutral rating and issued a GBX 1,590 ($20.71) price objective on shares of Burberry Group plc in a research note on Wednesday, March 29th. Barclays PLC reaffirmed an overweight rating and issued a GBX 1,900 ($24.75) price objective on shares of Burberry Group plc in a research note on Wednesday, March 29th. Macquarie raised their price objective on Burberry Group plc from GBX 1,400 ($18.24) to GBX 1,750 ($22.80) and gave the company a neutral rating in a research note on Thursday, April 6th. Finally, Deutsche Bank AG raised their price objective on Burberry Group plc from GBX 1,525 ($19.87) to GBX 1,650 ($21.50) and gave the company a hold rating in a research note on Wednesday, April 12th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Burberry Group plc has a consensus rating of Hold and an average target price of GBX 1,658.35 ($21.60).

Shares of Burberry Group plc (LON:BRBY) opened at 1719.00 on Monday. The company’s 50 day moving average price is GBX 1,687.39 and its 200 day moving average price is GBX 1,687.17. Burberry Group plc has a 12 month low of GBX 1,228.00 and a 12 month high of GBX 1,879.00. The stock’s market capitalization is GBX 7.48 billion.

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The firm also recently disclosed a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, July 6th will be given a GBX 28.40 ($0.37) dividend. The ex-dividend date is Thursday, July 6th. This represents a dividend yield of 1.65%. This is an increase from Burberry Group plc’s previous dividend of $10.50.

In other Burberry Group plc news, insider Julie Brown acquired 9,621 shares of the stock in a transaction dated Friday, May 19th. The stock was acquired at an average price of GBX 1,725 ($22.47) per share, with a total value of £165,962.25 ($216,209.29).

Burberry Group plc Company Profile

Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.

Analyst Recommendations for Burberry Group plc (LON:BRBY)

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