Burberry Group plc (OTCMKTS:BURBY – Get Rating) – Equities researchers at Telsey Advisory Group upped their FY2023 earnings per share (EPS) estimates for shares of Burberry Group in a research note issued to investors on Wednesday, May 18th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of $1.40 per share for the year, up from their previous forecast of $1.22.
A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Burberry Group from GBX 2,250 ($27.74) to GBX 2,280 ($28.11) in a research note on Wednesday, January 26th. UBS Group cut their target price on shares of Burberry Group from GBX 1,882 ($23.20) to GBX 1,836 ($22.63) in a research note on Monday, April 4th. Morgan Stanley dropped their target price on shares of Burberry Group from GBX 2,000 ($24.65) to GBX 1,850 ($22.81) in a research report on Tuesday, April 12th. Finally, Zacks Investment Research downgraded shares of Burberry Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,383.86.
Burberry Group Company Profile (Get Rating)
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.
- Get a free copy of the StockNews.com research report on Burberry Group (BURBY)
- MarketBeat: Week in Review 5/16 – 5/20
- 3 Retailers That Defied First Quarter Headwinds
- Will John Deere’s Earnings Help to Calm the Markets?
- Rapid7: Could Be Profitable in FY 2022 Despite Bear Market
- Lowe’s Companies Has Not Bottomed
Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.