Burberry Group (OTCMKTS: BURBY) Hits New 52-Week Low Following Analyst Downgrade

Burberry Group plc (OTCMKTS: BURBY – Get Rating) shares reached a new 52-week low on Friday after Barclays lowered their price target on the stock from GBX 2,080 to GBX 2,050. The company traded as low as $ 17.71 and last traded at $ 17.84, with a volume of 67843 shares changing hands. The stock had previously closed at $ 19.40.

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

(Get Rating)

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.

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