JPMorgan Chase & Co. Reaffirms Neutral Rating for Burberry Group (LON:BRBY)

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Burberry Group (LON:BRBY) in a research report sent to investors on Tuesday, Marketbeat reports. They currently have a GBX 1,050 ($13.32) price target on the stock.

Separately, Royal Bank of Canada reduced their price objective on Burberry Group from GBX 1,500 ($19.03) to GBX 1,200 ($15.22) and set a sector perform rating on the stock in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of GBX 1,540.67 ($19.54).

Burberry Group Trading Down 2.4 %

Shares of LON BRBY opened at GBX 877.80 ($11.14) on Tuesday. The business’s 50 day moving average is GBX 1,067.12 and its two-hundred day moving average is GBX 1,215.32. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. Burberry Group has a 1-year low of GBX 877.80 ($11.14) and a 1-year high of GBX 2,275 ($28.86). The stock has a market capitalization of £3.15 billion, a P/E ratio of 1,186.22, a PEG ratio of 1.85 and a beta of 1.13.

Burberry Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be paid a dividend of GBX 42.70 ($0.54) per share. This is a boost from Burberry Group’s previous dividend of $18.30. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 3.59%. Burberry Group’s dividend payout ratio is currently 8,243.24%.

Insider Activity

In other news, insider Jonathan Akeroyd sold 12,911 shares of the company’s stock in a transaction that occurred 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). Insiders own 0.19% of the company’s stock.

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.