Barclays Sticks to Its Hold Rating for Burberry (BRBY)
In a report released today, Carole Madjo from Barclays maintained a Hold rating on Burberry, with a price target of £13.40.
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Madjo covers the Consumer Cyclical sector, focusing on stocks such as Burberry, Moncler S.p.A., and Hermes International. According to TipRanks, Madjo has an average return of -0.2% and a 49.45% success rate on recommended stocks.
In addition to Barclays, Burberry also received a Hold from TR | OpenAI – 4o’s Sofia Luxesse in a report issued on November 15. However, on November 13, Deutsche Bank 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
Read More on GB:BRBY:
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- Burberry price target raised to 1,550 GBp from 1,500 GBp at Deutsche Bank
- Cautious Outlook for Burberry Amid Stable Trading and Strategic Optimism
- Burberry’s Strategic Turnaround Shows Early Signs of Success
- Burberry Updates Share Capital and Voting Rights
- Burberry upgraded to Buy from Hold at Deutsche Bank
