Burberry Group plc (LON:BRBY – Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 676.20 ($8.64) and last traded at GBX 685.60 ($8.76), with a volume of 11444265 shares trading hands. The stock had previously closed at GBX 713.80 ($9.12).
Analysts Set New Price Targets
BRBY has been the topic of several research analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 1,050 ($13.42) price objective on shares of Burberry Group in a research note on Tuesday, June 25th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 800 ($10.22) target price on shares of Burberry Group in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,440.67 ($18.41).
Read Our Latest Stock Analysis on Burberry Group
Burberry Group Stock Down 2.5 %
Burberry Group Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th were issued a dividend of GBX 42.70 ($0.55) per share. This represents a yield of 3.59%. This is a positive change from Burberry Group’s previous dividend of $18.30. The ex-dividend date was Thursday, June 27th. Burberry Group’s payout ratio is presently 8,243.24%.
Insider Buying and Selling at Burberry Group
In other news, insider Jonathan Akeroyd sold 12,911 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of GBX 974 ($12.45), for a total value of £125,753.14 ($160,706.89). In other Burberry Group news, insider Jonathan Akeroyd sold 12,911 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 974 ($12.45), for a total transaction of £125,753.14 ($160,706.89). Also, insider Alessandra Cozzani purchased 1,100 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were acquired at an average price of GBX 747 ($9.55) per share, for a total transaction of £8,217 ($10,500.96). 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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