Burberry Group’s (BRBY) Hold Rating Reiterated at Deutsche Bank

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Deutsche Bank reiterated their hold rating on shares of Burberry Group (LON:BRBY) in a report released on Tuesday morning.

Several other research firms also recently commented on BRBY. Credit Suisse Group upped their price objective on shares of Burberry Group from GBX 1,850 ($24.17) to GBX 2,200 ($28.75) and gave the company an outperform rating in a report on Thursday, August 23rd. Berenberg Bank upped their price objective on shares of Burberry Group from GBX 2,220 ($29.01) to GBX 2,350 ($30.71) and gave the company a buy rating in a report on Friday, August 10th. BNP Paribas upped their price objective on shares of Burberry Group from GBX 1,800 ($23.52) to GBX 1,950 ($25.48) and gave the company a neutral rating in a report on Friday, August 10th. HSBC upped their price objective on shares of Burberry Group from GBX 1,900 ($24.83) to GBX 2,100 ($27.44) and gave the company a reduce rating in a report on Wednesday, September 5th. Finally, Societe Generale upped their price objective on shares of Burberry Group from GBX 1,920 ($25.09) to GBX 2,500 ($32.67) and gave the company a buy rating in a report on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Burberry Group presently has an average rating of Hold and an average target price of GBX 2,009.56 ($26.26).

LON:BRBY opened at GBX 1,825 ($23.85) on Tuesday. Burberry Group has a one year low of GBX 1,481.50 ($19.36) and a one year high of GBX 2,024 ($26.45).

The firm also recently announced a dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, December 20th will be given a GBX 11 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a dividend yield of 0.61%.

Burberry Group Company Profile

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.

Further Reading: Preferred Stock

Analyst Recommendations for Burberry Group (LON:BRBY)

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