Bernstein analyst Luca Solca maintained a Buy rating on Burberry (BRBY – Research Report) yesterday and set a price target of p930.00. The company’s shares opened today at p863.60.
Solca covers the Consumer Cyclical sector, focusing on stocks such as Hermes International, Prada SpA, and The Swatch Group. According to TipRanks, Solca has an average return of 6.9% and a 51.05% success rate on recommended stocks.
In addition to Bernstein, Burberry also received a Buy from RBC Capital’s Piral Dadhania in a report issued on November 6. However, today, UBS maintained a Sell rating on Burberry (LSE: BRBY).
The company has a one-year high of p1,650.00 and a one-year low of p555.61. Currently, Burberry has an average volume of 3.91M.
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Burberry (BRBY) Company Description:
Burberry, a British luxury monobrand which is more than 160 years old, is best known for its outerwear and signature plaid. It has a global presence with 37% of revenue generated in Europe, 40% in Asia, and 23% in North America. The Chinese are Burberry’s most important customers, accounting for more than 30% of sales at home and abroad. Apparel contributes about 62% of sales.
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