Burberry Stock News

The stock rose more than 9% after the group—best known for its trench coats—reported higher retail sales in a difficult market.

Burberry reports second quarter sales above market estimates

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.

Burberry Group PLC (LSE:BRBY) remains one of JPMorgan's least-favoured luxury stocks despite signs that demand across the sector improved during the second quarter. Analyst Chiara Battistini retained an 'underweight' rating on the British fashion house, with the same for Gucci owner Kering SA (EPA:KER) (Kering SA (EPA:KER)) and Swiss watchmaker Swatch Group (SWX:UHR).

British retailer Frasers has disclosed a 4.16% exposure in Burberry Group , a regulatory filing from ​the UK-based luxury brand showed on Tuesday.