JPMorgan Chase & Co. reiterated their neutral rating on shares of Burberry Group (LON:BRBY – Free Report) in a report issued on Tuesday morning, MarketBeat reports. The brokerage currently has a GBX 1,050 ($13.32) price target on the stock.
Separately, Royal Bank of Canada decreased their target price on Burberry Group from GBX 1,500 ($19.03) to GBX 1,200 ($15.22) and set a sector perform rating for the company in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of GBX 1,540.67 ($19.54).
Check Out Our Latest Research Report on BRBY
Burberry Group Trading Down 2.1 %
Burberry Group Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be given a GBX 42.70 ($0.54) dividend. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 3.59%. This is a positive change from Burberry Group’s previous dividend of $18.30. Burberry Group’s dividend payout ratio is currently 8,243.24%.
Insider Transactions at Burberry Group
In other Burberry Group news, insider Jonathan Akeroyd sold 12,911 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 974 ($12.36), for a total transaction of £125,753.14 ($159,524.47). Corporate insiders own 0.19% of the company’s stock.
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.
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