Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBurberry Share News (BRBY)

Share Price Information for Burberry (BRBY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,155.50
Bid: 1,156.50
Ask: 1,157.50
Change: 3.50 (0.30%)
Spread: 1.00 (0.086%)
Open: 1,160.00
High: 1,166.00
Low: 1,145.00
Prev. Close: 1,152.00
BRBY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
25 Sep 2023 17:04

LONDON MARKET CLOSE: FTSE 100 down amid China worries

(Alliance News) - Stock prices in London closed lower on Monday, with China-exposed stocks dragging down the FTSE 100 index amid fears that its property sector is "going from bad to worse."

Read more
25 Sep 2023 09:13

LONDON BROKER RATINGS: Jefferies raises AstraZeneca to 'buy'

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

Read more
22 Sep 2023 08:22

TOP NEWS: Croda picks Direct Line Chair Gray to be chair in new year

(Alliance News) - Croda International PLC on Friday said it has hired Danuta Gray as non-executive director and chair designate to succeed Anita Frew.

Read more
20 Sep 2023 09:34

LONDON BROKER RATINGS: SocGen cuts BAE; BoA resumes IHG with 'buy'

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

Read more
15 Sep 2023 16:12

London close: FTSE finishes higher after positive China data

(Sharecast News) - London's top-flight index managed a positive finish on Friday based on promising Chinese economic data.

Read more
15 Sep 2023 12:09

LONDON MARKET MIDDAY: FTSE 100 boosted by stronger China data

(Alliance News) - The FTSE 100 in London was higher at midday Friday, boosted by China-exposed stocks following promising data from the world's second-largest economy.

Read more
15 Sep 2023 09:18

LONDON BROKER RATINGS: Berenberg likes Intertek; Goldman ups Derwent

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

Read more
15 Sep 2023 08:56

LONDON MARKET OPEN: China data drives FTSE 100 higher; oil prices rise

(Alliance News) - Global markets were in a largely buoyant mood early Friday following the latest interest rate decision from the European Central Bank, the successful mega-listing of Arm in New York, and some surprisingly robust economic data from China.

Read more
6 Sep 2023 17:43

London close: Stocks slip on rising oil price concerns

(Sharecast News) - London's stock markets closed in negative territory on Wednesday, as a significant rise in oil prices fuelled investor concerns over inflation.

Read more
5 Sep 2023 08:51

LONDON MARKET OPEN: Stocks fall; oil prices stoke inflation fears

(Alliance News) - Stock prices in London opened lower on Tuesday, with the FTSE 100 index weighed down by retailers and stocks with Chinese exposure.

Read more
1 Sep 2023 09:21

LONDON BROKER RATINGS: Target Healthcare REIT raised to 'buy'

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

Read more
21 Aug 2023 12:04

LONDON MARKET MIDDAY: Crest Nicholson warning hits housing shares

(Alliance News) - Stock prices in London were mixed at midday Monday, after a profit warning from Crest Nicholson, as well as some poor data from Rightmove, rattled stocks in the housebuilding sector.

Read more
14 Aug 2023 16:52

LONDON MARKET CLOSE: FTSE 100 lags peers as miners fall on China woe

(Alliance News) - Worries for China's property market soured the mood at the start of the week, with the FTSE 100 hit badly thanks to its natural resources sector, although peers in Europe and equities in New York fared better.

Read more
10 Aug 2023 17:30

British equities rise as travel stocks rally after China lifts travel curbs

China eased travel restrictions

*

Read more
10 Aug 2023 09:44

Savills shares drop as half-year profit falls; announces new chair

(Alliance News) - Savills PLC shares dropped on Thursday after it reported a plunge in half-year profit, and it announced Stacey Cartwright was the new chair.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.