Deutsche Bank Boosts Burberry Group (LON:BRBY) Price Target to GBX 2,010

Burberry Group (LON:BRBY) had its price objective boosted by Deutsche Bank from GBX 1,970 ($25.74) to GBX 2,010 ($26.26) in a research note published on Friday morning, Stock Target Advisor reports. They currently have a hold rating on the stock.

A number of other research firms also recently issued reports on BRBY. HSBC restated a hold rating on shares of Burberry Group in a report on Monday, September 9th. Credit Suisse Group restated an outperform rating on shares of Burberry Group in a report on Thursday, October 17th. Royal Bank of Canada set a GBX 1,925 ($25.15) target price on shares of Burberry Group and gave the company a sell rating in a report on Thursday. Morgan Stanley restated an equal weight rating on shares of Burberry Group in a report on Monday, November 11th. Finally, UBS Group restated a neutral rating on shares of Burberry Group in a report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Burberry Group has a consensus rating of Hold and an average target price of GBX 2,002.50 ($26.17).

Burberry Group stock opened at GBX 2,124 ($27.75) on Friday. Burberry Group has a 1 year low of GBX 1,618.50 ($21.15) and a 1 year high of GBX 2,362 ($30.86). The firm has a 50 day moving average price of GBX 2,033.34 and a 200 day moving average price of GBX 2,015.94. The company has a market cap of $8.81 billion and a price-to-earnings ratio of 24.53. The company has a debt-to-equity ratio of 88.99, a quick ratio of 1.10 and a current ratio of 1.69.

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, December 19th will be given a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date is Thursday, December 19th. This represents a dividend yield of 0.53%. Burberry Group’s payout ratio is currently 0.48%.

About Burberry Group

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.

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