Burberry Group’s (BRBY) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co. – Defense World

Written by Amanda

JPMorgan Chase & Co. reissued their neutral rating on shares of Burberry Group (LON:BRBYGet Rating) in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The firm currently has a GBX 1,900 ($23.27) price target on the stock.

A number of other research firms also recently weighed in on BRBY. Royal Bank of Canada reaffirmed a sector perform rating and issued a GBX 1,940 ($23.76) price target on shares of Burberry Group in a research note on Monday, April 11th. Barclays upped their price target on shares of Burberry Group from GBX 1,960 ($24.01) to GBX 2,070 ($25.36) and gave the stock an equal weight rating in a research note on Monday, May 30th. Morgan Stanley reaffirmed an equal weight rating on shares of Burberry Group in a research note on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a GBX 2,280 ($27.93) price target on shares of Burberry Group in a research note on Thursday, May 19th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of GBX 2,119.17 ($25.96).

LON BRBY opened at GBX 1,698 ($20.80) on Friday. Burberry Group has a 1-year low of GBX 1,473.50 ($18.05) and a 1-year high of GBX 2,267 ($27.77). The company has a current ratio of 2.53, a quick ratio of 1.94 and a debt-to-equity ratio of 86.64. The company has a market capitalization of £6.74 billion and a PE ratio of 17.38. The firm’s fifty day simple moving average is GBX 1,613.75 and its 200-day simple moving average is GBX 1,723.80.

The firm also recently announced a dividend, which will be paid on Friday, August 5th. Shareholders of record on Thursday, June 30th will be given a dividend of GBX 35.40 ($0.43) per share. This represents a 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. Burberry Group’s dividend payout ratio is presently 0.55%.

In other Burberry Group news, insider Jonathan Akeroyd sold 34,395 shares of the stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of GBX 1,618 ($19.82), for a total transaction of £556,511.10 ($681,664.75).

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 offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.

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Source: defenseworld.net

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Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai