Burberry Group (BRBY)

Sector:

Personal Goods

Index:

FTSE 100

1,799.50p
   
  • Change Today:
    -31.00p
  • 52 Week High: 2,264.00p
  • 52 Week Low: 1,356.00p
  • Currency: UK Pounds
  • Shares Issued: 404.88m
  • Volume: 197,342
  • Market Cap: £7,286m
  • RiskGrade: 142

HSBC downgrades Burberry after solid run

By Michele Maatouk

Date: Wednesday 23 Jun 2021

LONDON (ShareCast) - (Sharecast News) - HSBC downgraded Burberry to 'hold' from 'buy' on Wednesday and cut the target price to 2,350p from 2,400p, saying it's time to take a breather after a solid run.
The bank argued that the upcoming growth pickup and margin improvement beyond 2022 is well reflected after the recent re-rating.

"We believe Burberry is now well positioned to deliver on its mid-term plan of sales up by high single digits, implying an outperformance versus the luxury industry," HSBC said. However, it pointed out the shares have risen 12% since the release of full-year earnings on 13 May and 24% year-to-date.

The stock is now just 3% below its pre Covid-19 peak of 2,329p reached on 17 January 2020.

"We believe the stock price already factors some upcoming positive catalysts such as the expected release of strong retail like-for-like in Q1 due on 16 July, which we forecast up 74% y-o-y or down 4% on a two-year stack, or broadly flat on a two-year stack excluding the high single-digit negative impact from the ongoing cut in mark-downs," HSBC said.

In the same note, HSBC downgraded Kering and Richemont to 'hold' from 'buy', while Hermes was cut to 'reduce' from 'hold'.

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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 1,799.50p
Change Today -31.00p
% Change -1.69 %
52 Week High 2,264.00p
52 Week Low 1,356.00p
Volume 197,342
Shares Issued 404.88m
Market Cap £7,286m
RiskGrade 142

Burberry Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.23% below the market average6.23% below the market average6.23% below the market average6.23% below the market average6.23% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Income
18.79% above the market average18.79% above the market average18.79% above the market average18.79% above the market average18.79% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
16.23% above the market average16.23% above the market average16.23% above the market average16.23% above the market average16.23% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 13
Sell 1
Strong Sell 1
Total 23
buy
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 01-Jul-21 19-Dec-19
Paid 06-Aug-21 31-Jan-20
Amount 42.50p 11.30p

Trades for 28-Sep-2021

Time Volume / Share Price
12:33 7 @ 1,798.09p
12:32 93 @ 1,799.50p
12:32 77 @ 1,799.50p
12:32 16 @ 1,800.00p
12:32 88 @ 1,800.00p

Burberry Group Key Personnel

CEO Marco Gobbetti
Chair Gerry M Murphy

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