Streetbeat News

BURBY

Burberry Group

https://www.burberryplc.com/en/index.html

CEO

Marco Gobbetti

Open

11.97

Mkt cap

4.3B

Volume

High

12.10

P/E Ratio

85.64

52-wk high

18.51

Low

11.97

Div yield

0.04

52-wk low

7.38

Burberry Group PLC shares rose nearly 4% following an upgrade by Deutsche Bank, which now rates the company as a 'buyer'. The bank anticipates benefits from improved marketing and a focus on core strengths, setting a target price of 1,180p, indicating a potential 32% rise.

Portfolio Pulse from

December 02, 2024 | 1:15 pm

Burberry Group PLC received a 'buy' rating upgrade from Deutsche Bank, with expectations of a turnaround in the luxury sector and Burberry's own overhaul plan by 2025.

Portfolio Pulse from

December 02, 2024 | 11:30 am

Burberry's stock price increased despite disappointing interim results. The company has a turnaround plan, but only limited short-term improvements are expected.

Portfolio Pulse from

November 16, 2024 | 1:45 pm

Burberry has announced a new strategy focusing on its iconic trenchcoats and scarves after experiencing a significant quarterly loss. The British luxury brand aims to leverage its well-known products to recover financially.

Portfolio Pulse from

November 14, 2024 | 2:30 pm

Burberry Group PLC is attempting a strategic revival by focusing on its core traditional product range, as noted by AJ Bell analyst Russ Mould. The recent strategic update and results provided initial relief.

Portfolio Pulse from

November 14, 2024 | 2:15 pm

Burberry shares increased by 20% following the new CEO's commitment to refocus on the brand's heritage after reporting a first-half loss.

Portfolio Pulse from

November 14, 2024 | 1:30 pm

Burberry has announced an urgent turnaround plan to address a significant 22% drop in revenue, as stated by CEO Joshua Schulman. The luxury brand is implementing a 'course correct' strategy to stabilize its financial performance.

Portfolio Pulse from

November 14, 2024 | 10:30 am

Burberry Group PLC's shares rose 14% after new CEO Joshua Schulman announced a turnaround plan, 'Burberry Forward', with £40 million in cost-savings. This comes after a challenging first half with a 22% drop in sales and £80 million in pre-tax losses.

Portfolio Pulse from

November 14, 2024 | 10:00 am

Burberry Group PLC is implementing a turnaround plan to address its loss-making operations by focusing on heritage and core products. The CEO acknowledged that the company had strayed too far from its core, resulting in disappointing results.

Portfolio Pulse from

November 14, 2024 | 8:15 am

The global luxury sector is facing its worst state since the financial crisis, with Bain & Company projecting a 2% contraction in luxury sales for 2024. This marks the first annual decline since 2008, excluding the Covid-19 period, due to weaker demand in key markets like China and South Korea.

Portfolio Pulse from

November 13, 2024 | 3:30 pm

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