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  2. Share Prices
  3. Burberry Share Price
  4. Burberry Share News
  5. Bernstein bumps Burberry up to 'market perform'

Pin to quick picksBurberry Share News (BRBY)

Burberry Information

Share Price Information for Burberry (BRBY)

London Stock Exchange
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Share Price: 1,049.00
Bid: 1,023.00
Ask: 1,060.00
Change: 0.00 (0.00%)
Spread: 37.00 (3.617%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1,049.00
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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12 Jan 2024 15:07

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DFS Furniture PLCTrading Statement
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IntegraFin Holdings PLCTrading Statement
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Ocado Group PLCTrading Statement
Petra Diamonds LtdTrading Statement
Revolution Bars Group PLCTrading Statement
Rio Tinto PLCTrading Statement
THG PLCTrading Statement
Wise PLCTrading Statement
Wednesday 17 January 
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Alpha Group International PLCTrading Statement
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Brooks Macdonald Group PLCTrading Statement
Diploma PLCTrading Statement
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Oxford BioDynamics PLCFull Year Results
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Smiths Group PLCTrading Statement
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Bakkavor Group PLCTrading Statement
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Centamin PLCFull Year Results
Centaur Media PLCTrading Statement
Costain Group PLCTrading Statement
Craneware PLCTrading Statement
Currys PLCTrading Statement
Dr Martens PLCTrading Statement
Dunelm Group PLCTrading Statement
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Harbour Energy PLCTrading Statement
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Hotel Chocolat Group PLCTrading Statement
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N Brown Group PLCTrading Statement
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12 Jan 2024 12:14

CORRECT: LONDON MARKET MIDDAY: Stocks rise after promising UK GDP data

(Correcting euro quote.)

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12 Jan 2024 12:02

LONDON MARKET MIDDAY: Stocks rise after promising UK economic data

(Alliance News) - Stock prices in London were up at midday on Friday, clawing back some recent weakness, following a positive UK gross domestic product reading, and as investors digest the first wave of US quarterly earnings.

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LONDON MARKET OPEN: Stocks rally after UK GDP print; Burberry tumbles

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12 Jan 2024 08:16

Burberry shares hit lowest since 2020, luxury stocks sag

LONDON, Jan 12 (Reuters) - Shares in British luxury group Burberry fell as much as 14% in early trade on Friday after the company downgraded its guidance, citing a slowdown in luxury demand.

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12 Jan 2024 08:14

TOP NEWS: Burberry cuts full-year guidance on demand slowdown

(Alliance News) - Burberry Group PLC on Friday warned it anticipates its annual results to be below previous expectations following a weaker festive period, with luxury retail demand waning.

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LONDON BRIEFING: Burberry cuts guidance again amid luxury slowdown

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12 Jan 2024 07:14

Burberry cuts guidance, profits to fall by at least 27%

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Burberry slips on rating downgrade

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