Jefferies Financial Group Equities Analysts Raise Earnings Estimates for Burberry Group plc (OTCMKTS:BURBY)

Burberry Group plc (OTCMKTS:BURBYGet Rating) – Equities research analysts at Jefferies Financial Group boosted their FY2023 EPS estimates for Burberry Group in a report issued on Thursday, May 19th. Jefferies Financial Group analyst F. Cereda now forecasts that the company will post earnings of $1.45 per share for the year, up from their previous forecast of $1.24. Jefferies Financial Group also issued estimates for Burberry Group’s FY2024 earnings at $1.50 EPS and FY2025 earnings at $1.65 EPS.

A number of other research analysts have also issued reports on BURBY. Zacks Investment Research lowered shares of Burberry Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 7th. UBS Group reduced their price target 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 reduced their price target on shares of Burberry Group from GBX 2,000 ($24.65) to GBX 1,850 ($22.81) in a research note on Tuesday, April 12th. Finally, 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,383.86.

Shares of OTCMKTS:BURBY opened at $19.86 on Monday. The company has a quick ratio of 2.03, a current ratio of 2.60 and a debt-to-equity ratio of 0.27. Burberry Group has a fifty-two week low of $18.18 and a fifty-two week high of $32.17. The firm has a 50-day simple moving average of $20.69 and a 200 day simple moving average of $23.31.

About Burberry Group (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.

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Earnings History and Estimates for Burberry Group (OTCMKTS:BURBY)

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