(CercleFinance.com) – UBS reiterates its Neutral recommendation and its price target of 2,593 pence on the Burberry share, reporting a Q4 that is ‘generally unsurprising’.
‘Retail sales turnover for the 4th quarter was +16% compared to the forecast of +14% (UBS +15%)’, notes the analyst.
‘Second half adjusted EBIT was £396m vs. £386m for consensus (£398m for UBS), with an adjusted EBIT margin of 22.6% vs. 21.9% for consensus ( 22.3% for UBS)’, adds the broker.
Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
