Burberry Shares Rise After Annual Results

Morningstar equity analysts reiterate their fair value estimate of £17.20 for Burberry shares after a positive set of annual results

Jelena Sokolova 16 May, 2018 | 2:07PM
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Burberry at London Fashion Week 2018

Shares in fashion retailer Burberry (BRBY) rose on Wednesday as it posted a rise in profits and announced a £150 million share buyback.

Morningstar equity analysts reiterate their fair value estimate of £17.20 for Burberry shares as the company reported preliminary annual results in line with our expectations. Shares trade a little above our fair value estimate, which implies a return to growth and profit margin expansion from 2021.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Burberry Group PLC1,797.50 GBX0.73Rating

About Author

Jelena Sokolova  is an equity analyst for Morningstar

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