Burberry stock gains 1.12 percent as RBC cuts target
Published on 09/23/2026 at 19:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Burberry stock (BRBY.L) closed at GBp 1,035.50 on September 23, 2026, up 1.12 percent from GBp 1,024.00. The move came as broker views diverged, with RBC Capital Markets cutting its target while Citi retained a positive rating.
RBC cuts target to GBp 1,200
As Sharecast reported on September 22, 2026, RBC Capital Markets downgraded Burberry from outperform to sector perform and reduced its target from GBp 1,400 to GBp 1,200. The cut represents a GBp 200 reduction, while the September 23 closing price remained GBp 164.50 below the new target.
RBC said Burberry is executing well through product and merchandising changes, but it viewed luxury demand as a pressure point. The broker also said consensus assumes 5 percent to 6 percent revenue growth and 200 basis points of EBIT margin expansion in fiscal 2029, expectations it considered too optimistic without additional cost reductions.
Citi sees slower comparable growth
According to Investing.com on September 23, 2026, Citi lowered its target to GBP 14.60 and kept its Buy rating. Citi forecasts 3 percent comparable growth for the second quarter of fiscal 2027, compared with 5 percent in the fourth quarter of fiscal 2026 and the first quarter of fiscal 2027.
The latest annual figures show why margin improvement matters more than headline sales alone. Reuters lists fiscal 2026 revenue at GBP 2.420 billion, down GBP 41 million from GBP 2.461 billion in fiscal 2025, while net income recovered to GBP 21 million from a GBP 75 million loss.
Interim results are due November 12
Burberry lists interim results for November 12, 2026, on its investor calendar. That date is the next quantified checkpoint after the contrasting September broker updates and the September 23 price move.
Stock remains below yearly high
Burberry stock closed at GBp 1,035.50 on the LSE on September 23, 2026, with a 52-week range of GBp 953.40 to GBp 1,376.50. Its market capitalization was GBP 3,709,274,905 on the same date.
Burberry stock at a glance
- Company: Burberry Group plc
- Ticker: BRBY
- Trading venue: London Stock Exchange
- Closing price (September 23, 2026): GBp 1,035.50
- Market capitalization: GBP 3,709,274,905 (as of September 23, 2026)
- 52-week range: GBp 953.40-1,376.50 (as of September 23, 2026)
- Sector / Industry: Consumer discretionary / luxury goods
- Next earnings date: November 12, 2026
