Burberry Group plc (LON:BRBY – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 844.60 ($10.68) and last traded at GBX 847.60 ($10.72), with a volume of 1715321 shares traded. The stock had previously closed at GBX 862.60 ($10.91).
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Burberry Group from GBX 1,500 ($18.97) to GBX 1,200 ($15.18) and set a “sector perform” rating for the company in a research note on Thursday, April 4th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,050 ($13.28) price objective on shares of Burberry Group in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Burberry Group currently has a consensus rating of “Hold” and an average target price of GBX 1,540.67 ($19.49).
Read Our Latest Stock Report on BRBY
Burberry Group Stock Performance
Burberry Group Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be issued a dividend of GBX 42.70 ($0.54) per share. This represents a dividend yield of 3.59%. The ex-dividend date is Thursday, June 27th. This is an increase from Burberry Group’s previous dividend of $18.30. Burberry Group’s dividend payout ratio (DPR) is presently 8,243.24%.
Insider Activity
In other news, insider Jonathan Akeroyd sold 12,911 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 974 ($12.32), for a total transaction of £125,753.14 ($159,060.38). 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.
Featured Articles
- Five stocks we like better than Burberry Group
- What Is WallStreetBets and What Stocks Are They Targeting?
- RXO Shares Surge Following New Acquisition Deal
- Insider Trading – What You Need to Know
- 3 Stock Dips Insiders Are Buying: Vestis, Shenandoah, Treace
- What Are the FAANG Stocks and Are They Good Investments?
- Biotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex
Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.