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Home / Stocks and Markets at Lows / Burberry (BRBY.L) 30-01-20

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

Burberry (BRBY.L) 30-01-20

Shares in Burberry (BRBY.L) have fallen dramatically from recent highs of 2329p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 2015p (at time of writing). A return to previous highs would represent a rise of 15%.
  • 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 -14% from 12-month highs; +18% from 12 month lows.

Latest News

27 Jan:  Mainfirst has downgraded its rating on Burberry Group (BRBY) to hold (from buy).

23 Jan:  RBC Capital Markets reiterates its underperform rating on Burberry Group (BRBY) and reduced the target price to 1900p (from 1930p).

23 Jan:  UBS reiterates its neutral rating on Burberry Group (BRBY) and increased the target price to 2258p (from 2202p).

 

22 Jan:  Burberry, the fashion retailer, raised its expectations on revenues after Q3 sales were driven higher by the introduction of new products.

21 Jan:  Morgan Stanley reiterates its equal weight rating on Burberry Group (BRBY) and increased the target price to 2200p (from 2000p).

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

 

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