A number of other brokerages also recently issued reports on BURBY. BNP Paribas downgraded Burberry Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 5th. Exane BNP Paribas downgraded shares of Burberry Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 5th. Societe Generale lowered their target price on shares of Burberry Group from GBX 2,300 ($ 27.79) to GBX 2,142 ($ 25.88) in a report on Friday, July 1st. Cheuvreux downgraded Burberry Group from a “buy” rating to a “hold” rating and set a GBX 1,650 ($ 19.94) price target for the company. in a research note on Tuesday, June 14th. Finally, UBS Group lowered their price objective on Burberry Group from GBX 1,848 ($ 22.33) to GBX 1,736 ($ 20.98) in a research note on Monday, July 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $ 1,923.50.
Burberry Group Trading Down 8.1%
The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $ 20.61 and a 200-day simple moving average of $ 20.55.
Burberry Group Increases Dividend
The company also recently announced a dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 1st were issued a dividend of $ 0.4234 per share. This represents a yield of 2.79%. The ex-dividend date was Thursday, June 30th. This is a positive change from Burberry Group’s previous dividend of $ 0.15.
Burberry Group Company Profile
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail / Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Burberry Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on … and Burberry Group wasn’t on the list.
While Burberry Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here