Burberry Group plc (LON:BRBY – Get Rating) stock price topped its 200-day moving average during Friday trading. The stock has a 200-day moving average of GBX 1,704.44 ($20.54) and has traded as high as GBX 1,799.50 ($21.68). Shares of Burberry Group last traded at GBX 1,796 ($21.64) on volume of 926,915 shares.
Wall Street analyst ponders
A number of research analysts have recently issued reports on BRBY stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and price target of GBX 1,950 ($23.49) on shares of Burberry Group in a research note on Monday, July 18. The Royal Bank of Canada restated a “Sector Perform” rating and price target of GBX 1,700 ($20.48) on shares of Burberry Group in a research report on Tuesday, July 19. Barclays issued a research report on Monday, July 18th with an “equal weight” rating and a target price of GBX 2,070 ($24.94) on shares of Burberry Group. Morgan Stanley confirmed an equal weight rating on shares of Burberry Group in a research report on Wednesday, May 11th. Finally, in a research report on Friday, June 24, JPMorgan Chase & Co. downgraded a “neutral” rating and set a price target of GBX1,900 ($22.89) on shares of Burberry Group. Six analysts have given the stock a hold rating. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of GBX1,934 ($23.30).
Burberry Group shares up 2.1%
The company’s 50-day moving average price is GBX1,664.38 and its 200-day moving average price is GBX1,704.44. The company has a market cap of £7.17 billion and a price-to-earnings ratio of 1,832.65. The company has a current ratio of 2.53, a quick ratio of 1.94 and a debt to equity ratio of 86.64.
Burberry Group increases dividend
The company also recently announced a dividend, which will be paid on Friday, August 5th. Shareholders of record on Thursday, June 30 will receive a dividend of GBX35.40 ($0.43). This equates to a dividend yield of 2.24%. This is an increase from Burberry Group’s previous dividend of $11.60. The ex-dividend date is Thursday June 30th. The Burberry Group’s payout ratio is currently 55.20%.
Insider Activity
In other news, insider Jonathan Akeroyd sold 34,395 shares of Burberry Group shares in a transaction on Wednesday, June 15. Shares sold at an average price of GBX1,618 ($19.49) for a total value of £556,511.10 ($670,495.30).
About the Burberry Group
(received rating)
Burberry Group plc, together with its subsidiaries, manufactures, retails and wholesales luxury goods under the Burberry brand. The Company operates through two segments, Retail/Wholesale and Licensing. It offers women’s clothing, men’s clothing, children’s clothing, beauty, eyewear, shoes and accessories, as well as leather goods such as bags.
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