Burberry (BRBY) Receives a Buy from Citi
Citi analyst Thomas Chauvet maintained a Buy rating on Burberry today and set a price target of £15.70.
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According to TipRanks, Chauvet is a 4-star analyst with an average return of 11.0% and a 56.36% success rate. Chauvet covers the Consumer Cyclical sector, focusing on stocks such as Kering SA, LVMH Moet Hennessy Louis Vuitton, and Moncler S.p.A..
In addition to Citi, Burberry also received a Buy from Deutsche Bank ‘s Adam Cochrane in a report issued on November 13. However, today, Barclays maintained a Hold 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
