Burberry Group (BRBY)

Sector:

Personal Goods

Index:

FTSE 250

783.40p
   
  • Change Today:
      23.20p
  • 52 Week High: 1,744.50
  • 52 Week Low: 571.00
  • Currency: UK Pounds
  • Shares Issued: 358.58m
  • Volume: 2,956,078
  • Market Cap: £2,809.14m
  • RiskGrade: 142

RBC Capital Markets raises target price on Burberry

By Iain Gilbert

Date: Friday 18 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC Capital Markets raised their target price on fashion brand Burberry from 1,800.0p to 2,070.0p on Friday, citing the group's "sensible strategy".
RBC Capital said it viewed Burberry's revised strategy as "sensible" with key focus areas broadly in line with its expectations. Targets were also said to not be "hugely surprising".

"We have more belief in £4.0bn revenue target, and are less confident on EBIT margins significantly above 20%, particularly in the absence of any meaningful gross margin support," said RBC.

The Canadian bank, which reiterated its 'sector perform' rating on the stock, noted that it would prefer to wait and see the reaction of Daniel Lee's initial contribution in early 2023 and also profit and loss evolution, with a view to re-evaluating its thesis in the upcoming quarters.

"Burberry trades at 17x CY23E P/E, 10x EV/EBIT and 2.0x EV/ sales (vs sector ex Hermes on 20x, 12x and 3.1x). The stock offers valuation support, and with benefit of new leadership, creative director and strategy, we think the business could re-rate if successfully executed."



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Burberry Group Market Data

Currency UK Pounds
Share Price 783.40p
Change Today 23.20p
% Change 3.05 %
52 Week High 1,744.50
52 Week Low 571.00
Volume 2,956,078
Shares Issued 358.58m
Market Cap £2,809.14m
RiskGrade 142

Burberry Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
80.35% below the market average80.35% below the market average80.35% below the market average80.35% below the market average80.35% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 15
Sell 3
Strong Sell 1
Total 20
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Burberry Group Dividends

  Latest Previous
  Final Interim
Ex-Div 27-Jun-24 14-Dec-23
Paid 02-Aug-24 26-Jan-24
Amount 42.70p 18.30p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 3,407 @ 783.40p
16:35 499 @ 783.40p
16:35 625 @ 783.40p
16:35 625 @ 783.40p
16:35 598 @ 783.40p

Burberry Group Key Personnel

Chair Gerry M Murphy
CFO Kate Ferry

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