Burberry stock faces a lower RBC target before interim results
Published on 10/04/2026 at 21:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Burberry stock (ISIN GB0031743007) was last at GBp 1,010.50 on the LSE on October 2, 2026 at 4:35 p.m. London time, down 0.44 percent from the previous close. On September 22, 2026, RBC Capital Markets downgraded Burberry to Sector Perform from Outperform and cut its price target from GBp 1,400 to GBp 1,200, according to Sharecast.
RBC trims target to GBp 1,200
RBC said Burberry is executing well through improved product and price architecture and stronger in-store merchandising. Its caution centers on the volume contribution, which the bank considers vulnerable while luxury demand remains subdued.
RBC also said consensus estimates imply 5 percent to 6 percent revenue growth and 200 basis points of EBIT margin expansion in fiscal 2029. The bank cut its fiscal 2028 and fiscal 2029 earnings-per-share estimates by 6 percent to 8 percent, leaving them 7 percent to 11 percent below consensus, Sharecast reported.
Profit returns while revenue slips
Burberry's fiscal year 2026 revenue was GBP 2.420 billion, down 1.7 percent from GBP 2.461 billion in fiscal year 2025. Net income reached GBP 21 million after a GBP 75 million loss in the prior year, according to Reuters.
The contrast matters for the turnaround story: the top line still contracted, but the group moved back into positive earnings. For investors, the next question is whether the improving profit base can withstand softer luxury demand and a heavier reliance on volume growth.
Consensus points above the price
MarketBeat lists a Hold consensus from eight analysts, including four Buy, two Hold and two Sell ratings. Its average 12-month target is GBX 1,256.25, which lies 24.3 percent above the October 2 price of GBp 1,010.50, according to MarketBeat.
Interim results set for November
Burberry lists its interim results for November 12, 2026, on the investor-relations calendar. The release will provide the next quantified test of comparable sales, margins and the company's strategy, as shown on Burberry.
Burberry stock stays below its yearly high
Burberry stock was last at GBp 1,010.50 on the LSE on October 2, 2026 at 4:35 p.m. London time. The same session showed a low of GBp 1,007 and a high of GBp 1,031.10, while the 52-week range was GBp 953.40 to GBp 1,520.50.
Burberry stock facts
- Company: Burberry Group plc
- ISIN: GB0031743007
- Ticker: BRBY.L
- Trading venue: LSE
- Price (as of October 2, 2026, 4:35 p.m. London time): GBp 1,010.50
- Market capitalization: GBP 3.7 billion (as of September 28, 2026)
- 52-week range: GBp 953.40-1,520.50 (as of October 2, 2026)
- Sector: Consumer Discretionary
- Industry: Luxury Goods
Upcoming dates for Burberry stock
- November 12, 2026: Interim results
