Jefferies Reaffirms Their Sell Rating on Burberry (BRBY)
Jefferies analyst James Grzinic reiterated a Sell rating on Burberry today and set a price target of p680.00. The company’s shares opened today at p1,119.50.
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According to TipRanks, Grzinic is a 3-star analyst with an average return of 3.8% and a 57.59% success rate. Grzinic covers the Consumer Cyclical sector, focusing on stocks such as Hermes International, adidas AG, and H&M Hennes & Mauritz AB Class B.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Burberry with a p1,296.67 average price target.
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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