Mulberry Group (LON:MUL) Receives Not Rated Rating from Shore Capital



Shore Capital has reissued its unrated rating on the shares of Mulberry Group (LON:MUL – Get Assessment) in a research report published Wednesday morning, reports Marketbeat.com.

Separately, Barclays raised its price target on Mulberry Group from GBX 315 ($3.86) to GBX 357 ($4.38) and gave the company an equal weight rating in a Friday, April 8 report.

Mulberry Group shares opened on Wednesday at 281.50 GBX ($3.45). The company has a 50-day simple moving average of 286.24 GBX and a two-hundred-day simple moving average of 293.95 GBX. Mulberry Group has a 12-month low of 190 GBX ($2.33) and a 12-month high of 388.75 GBX ($4.77). The stock has a market capitalization of £169.12 million and a P/E ratio of 12.71. The company has a debt ratio of 301.58, a current ratio of 1.70 and a quick ratio of 0.98.

The company also recently announced a dividend, which will be paid on Friday, November 25. Shareholders of record on Thursday, October 27 will receive a dividend of 3 GBX ($0.04) per share. The ex-dividend date is Thursday, October 27. This represents a dividend yield of 1.02%.

About Mulberry Group (Get an assessment)

Mulberry Group plc, through its subsidiaries, develops, manufactures and sells fashion accessories, clothing and footwear in the United Kingdom, the rest of Europe, Asia, North America and the ‘international. It provides briefcases, messenger bags and backpacks; wallets, purses and clutches; sunglasses, scarves, gloves and hats, belts, cufflinks, key rings and shoes; jewellery, organizers, leather care and cleaning products; gifts; and luggage, tote, bag and other travel accessories for men and women, as well as ready-to-wear and eyewear products.

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