Barclays Sticks to Their Hold Rating for Burberry (BRBY)
Barclays analyst Carole Madjo maintained a Hold rating on Burberry today and set a price target of £13.40.
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Madjo covers the Consumer Cyclical sector, focusing on stocks such as Moncler S.p.A., Burberry, and Hermes International. According to TipRanks, Madjo has an average return of 0.5% and a 50.28% success rate on recommended stocks.
In addition to Barclays, Burberry also received a Hold from Telsey Advisory’s Jason Strominger in a report issued yesterday. However, on November 7, UBS reiterated a Buy rating on Burberry (LSE: BRBY).
Based on Burberry’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p1.38 billion and a GAAP net loss of p1 million. In comparison, last year the company earned a revenue of p1.57 billion and had a net profit of p112 million
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