RBC Capital analyst Piral Dadhania maintained a Buy rating on Burberry yesterday and set a price target of p1,400.00. The company’s shares closed yesterday at p1,049.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Dadhania is ranked #12180 out of 12329 analysts.
In addition to RBC Capital, Burberry also received a Buy from UBS’s Zuzanna Pusz in a report issued on July 2. However, on July 13, Telsey Advisory 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 p1.39 billion and a net profit of p47 million. In comparison, last year the company earned a revenue of p1.38 billion and had a GAAP net loss of p1 million
