Analysts Set Burberry Group plc (LON:BRBY) Price Target at GBX 1,732.33

Burberry Group plc (LON:BRBY) has been assigned a consensus rating of “Reduce” from the six research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 1,732.33 ($22.01).

Separately, Royal Bank of Canada decreased their price objective on Burberry Group from GBX 1,500 ($19.06) to GBX 1,200 ($15.25) and set a “sector perform” rating for the company in a report on Thursday, April 4th.

Insider Buying and Selling at Burberry Group

In other Burberry Group news, insider Jonathan Akeroyd sold 12,911 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 974 ($12.38), for a total transaction of £125,753.14 ($159,787.98). Insiders own 0.19% of the company’s stock.

Burberry Group Stock Performance

LON BRBY opened at GBX 972.20 ($12.35) on Tuesday. The company has a market capitalization of £3.49 billion, a price-to-earnings ratio of 1,313.78, a PEG ratio of 1.85 and a beta of 1.13. Burberry Group has a twelve month low of GBX 958.40 ($12.18) and a twelve month high of GBX 2,275 ($28.91). The stock has a fifty day simple moving average of GBX 1,090.22 and a 200 day simple moving average of GBX 1,237.85. 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 declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be given a dividend of GBX 42.70 ($0.54) per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 3.59%. This is a boost from Burberry Group’s previous dividend of $18.30. Burberry Group’s dividend payout ratio is 8,243.24%.

Burberry Group Company Profile

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.