Burberry Group (OTCMKTS:BURBY) Hits New 52-Week Low After Analyst Downgrade

Burberry Group plc (OTCMKTS: BURBY – Get a rating) shares hit a new 52-week low on Friday after Barclays lowered its price target on the stock from GBX 2,080 to GBX 2,050. The company traded as low as $17.71 and s last traded at $17.84, with volume of 67,843 shares changing hands. The stock had previously closed at $19.40.

A number of other brokerages have also recently released reports on BURBY. BNP Paribas downgraded the Burberry Group from an “outperform” rating to a “neutral” rating in a Tuesday July 5 research note. Exane BNP Paribas downgraded shares of Burberry Group from an “outperform” rating to a “neutral” rating in a Tuesday, July 5 research report. Societe Generale lowered its price target on Burberry Group shares from 2,300 GBX ($27.79) to 2,142 GBX ($25.88) in a Friday, July 1 report. Cheuvreux downgraded Burberry Group from a “buy” rating to a “hold” rating and set a price target of 1,650 GBX ($19.94) for the company. in a research note from Tuesday, June 14. Finally, UBS Group lowered its price target on Burberry Group from 1,848 GBX ($22.33) to 1,736 GBX ($20.98) in a Monday July 18 research note. Five research analysts gave the stock a hold rating and one gave the company’s stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1,923.50.

The Burberry group fell by 8.1%

The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt ratio of 0.18. The company has a 50-day simple moving average of $20.61 and a 200-day simple moving average of $20.55.

The Burberry group increases its dividend

The company also recently announced a dividend, which was paid on Friday, August 12. Investors of record on Friday July 1 received a dividend of $0.4234 per share. This represents a return of 2.79%. The ex-dividend date was Thursday, June 30. This is a positive change from Burberry Group’s previous dividend of $0.15.

Burberry Group Company Profile

(Get a rating)

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 offers clothing for women, men, children, beauty, eyewear, footwear and accessories, as well as leather goods, such as bags.

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