Bernstein Remains a Buy on Burberry (BRBY)
In a report released yesterday, Luca Solca from Bernstein maintained a Buy rating on Burberry, with a price target of £13.50. The company’s shares closed yesterday at p1,149.50.
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According to TipRanks, Solca is a 4-star analyst with an average return of 8.6% and a 60.54% success rate. Solca covers the Consumer Cyclical sector, focusing on stocks such as Kering SA, Hermes International, and EssilorLuxottica SA.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Burberry with a p1,332.50 average price target, which is a 15.92% upside from current levels. In a report released on September 25, RBC Capital also reiterated a Buy rating on the stock with a p1,400.00 price target.
BRBY market cap is currently £4.11B and has a P/E ratio of -54.72.
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