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Home / Stocks and Markets at Lows / Burberry (BRBY.L) 21-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Burberry (BRBY.L) 21-10-19

Shares in Burberry (BRBY.L) have fallen dramatically from recent highs of 2345.0p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 1872.5p (at time of writing). A return to previous highs would represent a rise of 25%.
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Shares -20% from 12-month highs; +15% from 12 month lows.

 

Latest News

18 Oct:  RBC Capital Markets reiterates its underperform rating on Burberry Group (BRBY) and reduced the target price to 1925p (from 1975p).

08 Oct:  UBS reiterates its neutral rating on Burberry Group (BRBY) and reduced the target price to 2220p (from 2240p).

20 Sep:  Credit Suisse has upgraded its rating on Burberry Group (BRBY) to outperform (from neutral) and increased the target price to 2650p (from 2350p).

18 Sep:  UBS reiterates its neutral rating on Burberry Group (BRBY) and increased the target price to 2240p (from 1900p).

17 Sep:  Exane BNP Paribas reiterates its neutral rating on Burberry Group (BRBY) and increased the target price to 2050p (from 1700p).

17 Jul:  Credit Suisse reiterates its neutral rating on Burberry Group (BRBY) and increased the target price to 2350p (from 1950p).

17 Jul:  Jefferies International has downgraded its rating on Burberry Group (BRBY) to underperform (from hold) and increased the target price to 2000p  (from 1800p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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