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Pin to quick picksBurberry Share News (BRBY)

Share Price Information for Burberry (BRBY)

London Stock Exchange
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Share Price: 1,035.50
Bid: 1,040.00
Ask: 1,041.00
Change: -15.50 (-1.47%)
Spread: 1.00 (0.096%)
Open: 1,039.50
High: 1,053.50
Low: 1,035.00
Prev. Close: 1,051.00
BRBY Live PriceLast checked at -

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Bernstein bumps Burberry up to 'market perform'

Tue, 21st May 2019 15:14

(Sharecast News) - Bernstein upped its stance on shares of luxury brand Burberry to 'market perform' from 'underperform' on Tuesday, saying it sees a more balanced risk/reward following the drop in the share price last week after its full-year results.It cited three reasons why Burberry could improve top-line growth performance in its stores going forward."a) The new Riccardo Tisci collection will come to the stores over the next few quarters; b) senior management is reporting very strong consumer traction of the new styles introduced; c) 80 stores will be in the renewed format by the end of FY20E, representing circa 50% of sales."Bernstein, which left its price target at 1,780p, said self-help stories such as Burberry continue to be exposed to a "yo-yo" risk, as they rise on investors "wanting to believe" and fall on less-than-exciting updates."Therefore we see value in being realistic, tactical, and open-minded," it said, adding that it will keep its "eyes open and ears on the ground" to confirm brand momentum down the road, and act accordingly.In its preliminary results last week, Burberry posted flat underlying profit as cost cuts offset a drop in revenue. Adjusted operating profit for the year to the end of March fell 6% to £438m but excluding currency movements profit was flat.Revenue at constant exchange rates fell 1% to £2.72bn and operating costs fell 1% to £1.42bn, while pre-tax profit rose 7% to £441m.At 1600 BST, the shares were up 0.8% at 1,816.50p.
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14 May 2024 16:40

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14 May 2024 13:52

Wednesday preview: US CPI, Burberry in the spotlight

(Sharecast News) - Wednesday will bring with it the week's key risk event - barring surprises - in the form of the latest US consumer price report.

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14 May 2024 12:07

LONDON MARKET MIDDAY: Stocks flat; BoE's Pill says summer cut possible

(Alliance News) - Stocks in London made muted progress on Tuesday, ahead of key US data, as a leading Bank of England economist suggested talk of a summer rate cut was not "unreasonable."

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8 May 2024 15:52

UK earnings, trading statements calendar - next 7 days

Thursday 9 May 
Balfour Beatty PLCTrading Statement
Derwent London PLCTrading Statement
Flutter Entertainment PLC Trading Statement
Harbour Energy PLCTrading Statement
IMI PLCTrading Statement
ITV PLCTrading Statement
John Wood Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Spire Healthcare Group PLCTrading Statement
Synthomer PLCTrading Statement
Wheaton Precious Metals CorpQ1 Results
Friday 10 May 
CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
Monday 13 May 
Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
HgCapital Trust PLCQ1 Results
Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
Wednesday 15 May 
Britvic PLCHalf Year Results
Burberry Group PLCFull Year Results
Compass Group PLCHalf Year Results
Creo Medical Group PLCFull Year Results
Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Marshalls PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Titon Holdings PLCHalf Year Results
TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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8 May 2024 10:00

Burberry CFO to take short leave of absence

(Sharecast News) - Burberry said on Wednesday that chief financial officer Kate Ferry will be taking a short leave of absence after undergoing "unscheduled surgery".

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24 Apr 2024 17:06

CORRECT: No record close for FTSE 100; mixed trade in US

(Correcting day of the week in the opening sentence.)

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24 Apr 2024 17:00

LONDON MARKET CLOSE: No record close for FTSE 100; mixed trade in US

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24 Apr 2024 16:47

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17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

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17 Apr 2024 08:48

LVMH Q1 meets expectations, reassuring luxe sector

profit warning

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16 Apr 2024 19:28

LVMH sales growth slips on luxury spending slowdown

PARIS, April 16 (Reuters) - LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories.

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16 Apr 2024 16:45

LVMH's first quarter sales growth slips to 3% on luxury slowdown

PARIS, April 16 (Reuters) - LVMH reported a 3% rise in first quarter sales on Tuesday, marking a slowdown as rising prices prompted more shoppers who aspire to own its handbags and other luxury goods to hold back on splashing out thousands of dollars.

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4 Apr 2024 14:27

RBC Capital cuts Burberry price target ahead of FY results

(Sharecast News) - RBC Capital Markets cut its price target on Burberry on Thursday to 1,200p from 1,500p as it reduced estimates ahead of the full-year results, which it said are unlikely to surprise positively.

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4 Apr 2024 09:43

LONDON BROKER RATINGS: Berenberg likes 4imprint; Numis cuts CMC

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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2 Apr 2024 09:54

LONDON BROKER RATINGS: Bernstein starts AstraZeneca at 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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