Burberry Group (BRBY) Earns “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Burberry Group (LON:BRBY) in a report released on Monday morning. JPMorgan Chase & Co. currently has a GBX 1,720 ($23.33) price objective on the stock.

Several other equities analysts have also commented on the stock. Barclays reaffirmed an overweight rating and set a GBX 1,900 ($25.77) target price on shares of Burberry Group in a report on Thursday, January 4th. Societe Generale reaffirmed a hold rating and set a GBX 1,800 ($24.41) target price on shares of Burberry Group in a report on Friday, November 10th. Deutsche Bank increased their target price on shares of Burberry Group from GBX 1,650 ($22.38) to GBX 1,775 ($24.07) and gave the company a hold rating in a report on Wednesday, September 27th. Berenberg Bank reaffirmed a buy rating and set a GBX 1,900 ($25.77) target price on shares of Burberry Group in a report on Thursday, October 12th. Finally, Morgan Stanley increased their target price on shares of Burberry Group from GBX 1,495 ($20.27) to GBX 1,748 ($23.70) and gave the company an equal weight rating in a report on Tuesday, September 19th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 1,714.81 ($23.25).

Shares of Burberry Group (LON BRBY) opened at GBX 1,768.50 ($23.98) on Monday. The company has a market capitalization of $7,500.00 and a price-to-earnings ratio of 2,526.43. Burberry Group has a 52 week low of GBX 1,535 ($20.82) and a 52 week high of GBX 2,024 ($27.45).

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

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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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