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Burberry Share Discussion Threads
Showing 1926 to 1943 of 1950 messages
|'Burberry Might Just Have to Try Coach Class After Brexit'
|25th oct Credit Suisse underperform tp 1300p (up from 1150p)|
|24th oct Haitong Bank neutral tp 1415p (up from 1400p)|
|Nicholas Hyett, equity analyst at Hargreaves Lansdown, said: 'I always imagined that if Burberry were to arm itself with a handbag it would be a Mulberry one.
'If rumours that US bag maker Coach is looking at a merger with Burberry do prove true, our dreams of a merger with Mulberry that creates Bur-Bags and Mul-Macks may never come to fruition.'
Read more: HTTP://www.thisismoney.co.uk/money/markets/article-3860648/MARKET-REPORT-Rumours-Burberry-merge-handbag-firm-Coach-send-shares-soaring-7.html#ixzz4NlW1MxcS|
|So at the end of the day -24p on the week.|
|May flush out another one ?
Coach Inc. £10 bn
BRBY £6.7 bn|
|Shares in Coach jumped 3.8pc to $37.29 in pre-market trading on the back of reports that it is working with Evercore on a possible merger with Burberry.
|Blimey !! just back home , thanks abcd :-O|
|Coach considering tabling bid ..mentioned on FT Alphvaille just now|
|Brokers updated :
20th oct RBC sector perform tp 1450p
19th oct UBS buy -
19th oct Berenberg buy -
19th oct Credit Suisse underperform tp 1150p
19th oct Barclays equal weight tp 1450p
19th oct Bryan Garnier neutral tp 1250p
19th oct JP Morgan Caz neutral tp 1450p
19th oct Jeffries hold tp 1290p
18th oct BOA Merrill Lynch neutral -
18th oct Liberum sell -
18th oct +++++++++ Q2 trading update +++++++++|
After suffering its worst day in over a year, luxury fashion house Burberry topped the FTSE 100, up 59p to £14.62 after Barclays and Berenberg raised their price target, following the group’s return to growth in the the last quarter.
|Burberry is 31p better at £14.34 after positive analyst comment after its falls after Tuesday’s update. Barclays raised its target price from £13.50 to £14.50, saying:
Expectations were running high coming into the figures following LVMH results last week - so in line figures have been met with some disappointment with the stock down high single-digits. We have raised both the EPS and price target by 7% based on 19 times 2017 calendar PE.
UBS was also positive, issuing a buy note:
Although expectations on Burberry had been high into the quarter, we believe that the share price weakness (-7%) was an overreaction given in line figures and no change to consensus pretax profit excluding foreign exchange. Our buy rating on Burberry is based on our view that the share price does not reflect the true value of the retail productivity improvements and cost savings plan laid out at the strategy update on 18th May.
We believe that the return to positive like for like of +2% in the second quarter should give confidence in this longer term potential. Additionally we were positively surprised that cost control measures will now come in above expectations for both the full year and the first half so offsetting the downgrade in wholesale guidance.
We continue to recommend Burberry as a ‘hold’ for investors willing to accept a medium level of risk as the luxury industry is still feeling the effects of the generally slower sales rate from China after the clampdown on luxury gift giving and global economic growth remains tentative.
19th oct Barclays equal weight tp 1450p up from 1350p
19th oct Bryan Garnier neutral tp 1250p up from 1200p
19th oct JP Morgan Caz neutral tp 1450p unch|
The varying fortunes of British retailers were responsible for the many of the biggest risers and fallers. Burberry suffered the most, losing 7.2pc to close at £14.03 after its quarterly figures left investors with concerns about overseas demand.
The luxury brand’s shares hit their highest point in over a year last week, helped by the decline in sterling that has made its wares more attractive to foreign buyers, yet its outlook for the rest of the year was more gloomy than expected.
Analysts at Haitong said that Burberry was more downbeat than its peers about sales from Chinese customers buying internationally, and they remain cautious until after the new chief executive Marco Gobbetti joins the group next summer.
|Burberry: Mixed Results but Long Term Outlook is Positive
|And that`s about it ... 1400p ceiling and hopefully some sort of support around here.|
'Burberry shares drop despite modest sales recovery'
..... Mike van Dulken, head of research at Accendo Markets, said that Burberry shares "are looking anything but luxurious this morning", citing weak wholesale revenue and disappointing growth as a whole.