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Barclays Reaffirms Their Hold Rating on Burberry (BRBY)

Tipranks - Tipranks - Fri Jan 23, 3:28AM CST

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 Compagnie Financiere Richemont SA. According to TipRanks, Madjo has an average return of 0.0% and a 50.00% success rate on recommended stocks.

In addition to Barclays, Burberry also received a Hold from Telsey Advisory’s Dana Telsey in a report issued yesterday. However, on the same day, RBC Capital maintained a Buy rating on Burberry (LSE: BRBY).

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Based on Burberry’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p1.03 billion and a GAAP net loss of p26 million. In comparison, last year the company earned a revenue of p1.09 billion and had a GAAP net loss of p74 million

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