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Pin to quick picksBurberry Share News (BRBY)

Share Price Information for Burberry (BRBY)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 1,140.00
Bid: 1,131.00
Ask: 1,131.50
Change: 38.00 (3.45%)
Spread: 0.50 (0.044%)
Open: 1,085.00
High: 1,140.00
Low: 1,083.50
Prev. Close: 1,102.00
BRBY Live PriceLast checked at -

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Goldman downgrades Burberry to 'neutral' after outperformance

Fri, 07th Sep 2018 10:12

(Sharecast News) - Goldman Sachs downgraded its stance on luxury fashion brand Burberry to 'neutral' from 'buy' and took the stock off its 'Conviction List' following recent outperformance.The bank, which left its price target unchanged at 2,536p, noted that Burberry has outperformed luxury peers by 21 percentage points over the past six months and given the recent weakness across the sector, it now sees more attractive relative upside elsewhere.It pointed out that Burberry shares have risen by around 27% since being added to the buy and Conviction lists on 27 March, versus the FTSE World Europe up around 4%."We continue to see a strong equity story emerging for Burberry and our 2020 adjusted EBIT estimate remains 16% ahead of Bloomberg consensus but Burberry's 28% re-rating year-to-date suggests investor expectations have risen," Goldman said. "Burberry trades on a 2019E calendar price-to-earnings of 22.3x (versus peers at 20.7x)."GS said it forecasts 4% like-for-like growth in the second half of 2019 compared to 3% in the first quarter."With new initiatives underway, this could prove to be conservative. In the event Burberry delivers a sharper acceleration in LFL sooner than we expect, it would leave upside risks to estimates; all else being equal, we forecast that a 1% change in retail sales would drive a 2% increase in EBIT."At 1010 BST, the shares were down 0.8% to 2,078p.
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24 Jul 2023 12:04

LONDON MARKET MIDDAY: China stimulus impatience keeps lid on sentiment

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20 Jul 2023 17:02

LONDON MARKET CLOSE: FTSE 100 supported by mining stocks

(Alliance News) - The FTSE 100 in London closed higher on Thursday, extending Wednesday's gains, after it was boosted by mining firms, as well as luxury fashion brand Burberry, on China optimism.

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LONDON MARKET OPEN: Miners fall after disappointing China GDP print

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LONDON MARKET MIDDAY: Stocks mixed as US banking earnings pour in

(Alliance News) - Stock prices in London were mixed at midday Friday, a more muted end to a bullish week, as investors digest the first batch of earnings from US banking stocks.

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14 Jul 2023 10:05

China drives Burberry first-quarter sales jump

China comparable store sales up 46%

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14 Jul 2023 08:56

LONDON MARKET OPEN: Stocks mixed ahead of US bank earnings

(Alliance News) - Stock prices in London opened mixed on Friday, after a strong run this week, while investors wait to see how major US banks fared in the second quarter of the year.

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14 Jul 2023 07:56

LONDON BRIEFING: Burberry shines in China; ITV-All3Media deal unlikely

(Alliance News) - Stocks in London are expected to slip into the red at Friday's open, in a tepid conclusion to what has been a largely positive week for global equities, as the market prices in a lower peak for US interest rates.

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14 Jul 2023 07:52

TOP NEWS: Burberry first quarter store sales, retail revenue rise

(Alliance News) - Burberry Group PLC on Friday said comparable store sales increased across most its global regions, lifting retail revenue in the first quarter of its financial year.

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14 Jul 2023 07:03

First-quarter sales shine at Burberry

(Sharecast News) - Burberry Group reiterated its full-year guidance on Friday after a resurgent China helped lift first-quarter sales.

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UK earnings, trading statements calendar - next 7 days

Monday 10 July 
Big Yellow Group PLCQ1 Results
Crushmetric Group LtdFull Year Results
Eco Animal Health Group PLCFull Year Results
Totally PLCFull Year Results
Tuesday 11 July 
Begbies Traynor Group PLCFull Year Results
D4t4 Solutions PLCFull Year Results
Dechra Pharmaceuticals PLCTrading Statement
Galliford Try Holdings PLCTrading Statement
Kinovo PLCFull Year Results
Pittards PLCFull Year Results
Sosandar PLCFull Year Results
Synectics PLCHalf Year Results
Trifast PLCFull Year Results
Velocity Composites PLCHalf Year Results
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Carclo PLCFull Year Results
Grafton Group PLCTrading Statement
Loungers PLCFull Year Results
JD Wetherspoon PLCTrading Statement
ME Group International PLCHalf Year Results
PageGroup PLCTrading Statement
Renold PLCFull Year Results
Ten Entertainment Group PLCTrading Statement
Tharisa PLCTrading Statement
Tullow Oil PLCTrading Statement
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Barratt Developments PLCTrading Statement
Brooks Macdonald Group PLCTrading Statement
Brunner Investment Trust PLCHalf Year Results
DSW Capital PLCFull Year Results
Experian PLCTrading Statement
Hays PLCTrading Statement
John Wood Group PLCTrading Statement
TClarke PLCHalf Year Results
Friday 14 July 
Ashmore Group PLCTrading Statement
Burberry Group PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
McBride PLCTrading Statement
Ninety One PLC and LtdTrading Statement
  
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