Burberry Group plc (LON:BRBY – Get Free Report) reached a new 52-week low on Thursday . The company traded as low as GBX 917.20 ($11.64) and last traded at GBX 936.60 ($11.88), with a volume of 14539834 shares trading hands. The stock had previously closed at GBX 961.80 ($12.20).
Analyst Upgrades and Downgrades
BRBY has been the subject of several recent research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,050 ($13.32) price target on shares of Burberry Group in a research report on Tuesday. Royal Bank of Canada dropped 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 report on Thursday, April 4th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, Burberry Group currently has an average rating of “Hold” and an average target price of GBX 1,540.67 ($19.54).
Get Our Latest Stock Report on BRBY
Burberry Group Stock Down 2.9 %
Burberry Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be given a GBX 42.70 ($0.54) dividend. This is an increase from Burberry Group’s previous dividend of $18.30. The ex-dividend date is Thursday, June 27th. This represents a yield of 3.59%. Burberry Group’s payout ratio is presently 8,243.24%.
Insider Transactions at Burberry Group
In related news, insider Jonathan Akeroyd sold 12,911 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 974 ($12.36), for a total transaction of £125,753.14 ($159,524.47). Company 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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