Burberry Group plc (LON:BRBY) Receives Consensus Rating of “Reduce” from Brokerages

Burberry Group plc (LON:BRBY) has earned a consensus recommendation of “Reduce” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 1,732.33 ($22.12).

Separately, Royal Bank of Canada decreased their price target on Burberry Group from GBX 1,500 ($19.16) to GBX 1,200 ($15.33) and set a “sector perform” rating on the stock in a research note on Thursday, April 4th.

Burberry Group Stock Performance

Shares of Burberry Group stock opened at GBX 1,048.50 ($13.39) on Friday. Burberry Group has a 52 week low of GBX 1,016 ($12.98) and a 52 week high of GBX 2,289 ($29.23). The business’s fifty day simple moving average is GBX 1,145.30 and its 200-day simple moving average is GBX 1,294.44. The firm has a market cap of £3.76 billion, a PE ratio of 1,424.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70.

Burberry Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be issued a GBX 42.70 ($0.55) dividend. This represents a dividend yield of 3.59%. The ex-dividend date is Thursday, June 27th. This is an increase from Burberry Group’s previous dividend of $18.30. Burberry Group’s payout ratio is currently 8,243.24%.

About Burberry Group

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.