Burberry (LON: BRBY) shares are up around 1.6% Friday after analysts lifted their price targets on the stock in reaction to its interim results reported on Thursday.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
The luxury fashion brand revealed that for the 26 weeks ended October 1, revenue rose 11% to £1.35 billion, or 5%, at constant exchange rates, while adjusted operating profit came in at £238 million, increasing 21%, or 6% at constant exchange rates.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The company also set a new medium-term target. Its shares closed 2% higher on Thursday.
RBC Capital raised its price target on the stock to 2,070p from 1,800p, maintaining a Sector Perform rating on the shares. The firm said in a research note that they see Burberry’s revised strategy, which was explained in its interim release, as “sensible,” with key focus areas largely in line with expectations.
The firm added that Burberry’s targets are “not hugely surprising,” and while they have belief in the £4 billion revenue target, RBC is “less confident” on EBIT margins significantly above 20%.
Elsewhere, Goldman Sachs maintained its Buy rating on Burberry shares but lifted its price target on the stock to 2,550p from 2,490p per share.
Meanwhile, Deutsche Bank and Jefferies both maintained their Hold ratings on Burberry. Deutsche Bank upped its price target on the stock to 2,200p per share from 1,950p, while Jefferies raised its price target on Burberry to 2,100p from 1,900p.
According to TipRanks, out of 11 analysts, three have assigned a Buy rating on Burberry shares, while eight have Hold ratings on the stock.
