Burberry Group (BRBY) Rating Reiterated by Barclays

Barclays reaffirmed their overweight rating on shares of Burberry Group (LON:BRBY) in a report published on Thursday morning. The brokerage currently has a GBX 1,900 ($25.40) price objective on the stock.

A number of other equities analysts have also recently weighed in on BRBY. Credit Suisse Group upped their price target on shares of Burberry Group from GBX 1,650 ($22.06) to GBX 2,000 ($26.74) and gave the stock an outperform rating in a research note on Friday, September 8th. Bryan, Garnier & Co reaffirmed a sell rating on shares of Burberry Group in a research note on Monday, September 11th. Morgan Stanley upped their price target on shares of Burberry Group from GBX 1,495 ($19.99) to GBX 1,748 ($23.37) and gave the stock an equal weight rating in a research note on Tuesday, September 19th. Deutsche Bank upped their price target on shares of Burberry Group from GBX 1,650 ($22.06) to GBX 1,775 ($23.73) and gave the stock a hold rating in a research note on Wednesday, September 27th. Finally, upped their price target on shares of Burberry Group from GBX 1,580 ($21.13) to GBX 1,680 ($22.46) and gave the stock a reduce rating in a research note on Monday, October 2nd. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Burberry Group has a consensus rating of Hold and an average price target of GBX 1,714.81 ($22.93).

Burberry Group (LON:BRBY) opened at GBX 1,782.50 ($23.83) on Thursday. Burberry Group has a 12 month low of GBX 1,439 ($19.24) and a 12 month high of GBX 2,024 ($27.06). The firm has a market cap of $7,570.00 and a price-to-earnings ratio of 2,546.43.

The company also recently declared a dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, December 21st will be paid a dividend of GBX 11 ($0.15) per share. The ex-dividend date is Thursday, December 21st. This represents a dividend yield of 0.63%.

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About Burberry Group

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.

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