Burberry Group PLC (LSE:BRBY), the British luxury fashion group, remains undervalued despite a recovery in sales and margins, UBS said as it retained its 'buy' rating on the shares. UBS cut its price target to 1,320p from 1,425p, but the new target still implies 30% upside from the 1,011p closing price on 2 October.
Burberry Group PLC (LSE:BRBY) can do many things well (including a natty line in trench coats), but persuading RBC Capital Markets to stay bullish is no longer one of them. The Canadian bank has knocked its rating down from "outperform" to "sector perform" and lopped its price target to £12 from £14.
Burberry Group PLC (LSE:BRBY) shares fell 3% to 1,052p on Wednesday after HSBC downgraded the British luxury fashion group to ‘hold' from ‘buy', taking a more cautious view of the stock. The bank's more cautious stance reflects softer momentum across the luxury sector, with the bank highlighting near-term challenges in soft luxury and muted trends that could limit investor appetite for the sector.
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | Joshua G. Schulman CEO | XDUS Exchange | US12082W2044 ISIN |
| GB Country | 7,299 Employees | 7 Aug 2024 Last Dividend | 25 Feb 2015 Last Split | - IPO Date |
Burberry Group plc is a renowned entity in the luxury goods market, operating with a mission to manufacture, retail, and wholesale high-end products under the esteemed Burberry brand. Founded in 1856 with its headquarters situated in London, United Kingdom, the company has cultivated a rich heritage coupled with innovative design, transcending through generations. Burberry operates through two primary segments: Retail/Wholesale and Licensing, catering to a global audience. The brand's presence spans across major regions including the Asia Pacific, Europe, the Middle East, India, Africa, and the Americas, marking its significance as a global luxury leader.