Burberry Group (BRBY) Price Target Cut to GBX 1,700 by Analysts at Deutsche Bank

Burberry Group (LON:BRBY) had its target price decreased by Deutsche Bank from GBX 1,750 ($23.55) to GBX 1,700 ($22.88) in a research note issued to investors on Tuesday. Deutsche Bank currently has a hold rating on the stock.

Several other equities analysts have also recently issued reports on the stock. J P Morgan Chase & Co lifted their price objective on shares of Burberry Group from GBX 1,620 ($21.80) to GBX 1,800 ($24.23) and gave the stock a neutral rating in a research note on Tuesday, October 31st. Berenberg Bank reaffirmed a buy rating and issued a GBX 1,900 ($25.57) price objective on shares of Burberry Group in a research note on Thursday, October 12th. Credit Suisse Group lifted their price objective on shares of Burberry Group from GBX 1,650 ($22.21) to GBX 2,000 ($26.92) and gave the stock an outperform rating in a research note on Friday, September 8th. Beaufort Securities lifted their price objective on shares of Burberry Group from GBX 1,920 ($25.84) to GBX 1,980 ($26.65) and gave the stock a buy rating in a research note on Friday, November 10th. Finally, Citigroup reaffirmed a neutral rating on shares of Burberry Group in a research note on Friday, November 10th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 1,714.81 ($23.08).

Burberry Group (BRBY) opened at GBX 1,732 ($23.31) on Tuesday. Burberry Group has a 52 week low of GBX 1,425 ($19.18) and a 52 week high of GBX 2,024 ($27.24).

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

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Burberry Group 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 (LON:BRBY)

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