Burberry Group plc (BURBY) Given Average Recommendation of “Hold” by Brokerages

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Burberry Group plc (OTCMKTS:BURBY) has received an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of analysts have commented on BURBY shares. Bank of America raised Burberry Group from an “underperform” rating to a “neutral” rating in a report on Monday, January 14th. Zacks Investment Research raised Burberry Group from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Credit Suisse Group reissued a “neutral” rating on shares of Burberry Group in a report on Friday. HSBC raised Burberry Group from a “reduce” rating to a “hold” rating in a report on Friday, October 26th. Finally, Berenberg Bank lowered Burberry Group from a “buy” rating to a “hold” rating in a report on Thursday, January 10th.

Burberry Group stock traded up $0.32 during midday trading on Monday, reaching $24.73. The stock had a trading volume of 40,381 shares, compared to its average volume of 55,006. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.47 and a beta of 0.84. Burberry Group has a 12 month low of $20.43 and a 12 month high of $30.19.

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, February 8th. Shareholders of record on Friday, December 21st were issued a dividend of $0.132 per share. The ex-dividend date was Thursday, December 20th. Burberry Group’s dividend payout ratio is currently 24.32%.

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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Analyst Recommendations for Burberry Group (OTCMKTS:BURBY)

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