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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Burberry Group    BRBY   GB0031743007

BURBERRY GROUP (BRBY)
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Delayed Quote. Delayed  - 10/19 05:35:23 pm
1671.5 GBp   -2.76%
10/15BURBERRY : joins luxury sector's race to refresh products monthly
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European luxury stocks fall on worries over China slowdown

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10/04/2018 | 01:51pm CEST
The logo of Kering is seen during the company's 2015 annual results presentation in Paris

PARIS (Reuters) - Shares in European luxury goods companies were among the worst performers on Thursday in a broader stock market downturn, with traders and analysts citing persistent concerns over a slowdown in China.

Kering shares, which hit a record high of 522.40 euros in July, were down 5.8 percent at 435.70 euros.

Kering's French rival LVMH, whose shares also hit a record high in May and which reports third-quarter revenue next week, were down 3.7 percent while Burberry fell 4.3 percent.

"We expect further solid momentum in the luxury sector in coming years, driven by the increasing size of the middle class and affluent clienteles in China, the appetite of millennials for luxury brands, especially in Asia and China and the strong potential of e-commerce in a more digital world," brokerage Bryan Garnier wrote in a research note.

"Some slowdown is nevertheless likely in coming quarters given challenging comparison bases and uncertainty in China, even though companies have noted no sudden break in the trend in recent months," added Bryan Garnier.

(Reporting by Sudip Kar-Gupta, Danilo Masoni and Blandine Henault; editing by Jason Neely)

Stocks mentioned in the article
ChangeLast1st jan.
BURBERRY GROUP -2.76% 1671.5 Delayed Quote.-3.21%
HERMÈS INTERNATIONAL -0.43% 490.8 Real-time Quote.9.24%
KERING -1.56% 360.2 Real-time Quote.-5.62%
L'ORÉAL 2.46% 191.3 Real-time Quote.-0.51%
LVMH MOËT HENNESSY VUITTON SE 0.90% 263.25 Real-time Quote.6.13%
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Latest news on BURBERRY GROUP
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Financials (GBP)
Sales 2019 2 717 M
EBIT 2019 449 M
Net income 2019 315 M
Finance 2019 834 M
Yield 2019 2,58%
P/E ratio 2019 21,91
P/E ratio 2020 19,61
EV / Sales 2019 2,22x
EV / Sales 2020 2,13x
Capitalization 6 876 M
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Technical analysis trends BURBERRY GROUP
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Average target price 19,4  GBP
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Marco Gobbetti Chief Executive Officer & Director
Gerard Martin Murphy Chairman
Julie Brown Director, Chief Operating & Financial Officer
Fumbi Chima Chief Information Officer
Mark McClennon Global Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
BURBERRY GROUP-3.21%9 210
INDITEX - INDUSTRIA DE DISEÑO TEXTIL-15.44%87 933
KERING-5.62%52 972
FAST RETAILING CO LTD22.73%52 641
ROSS STORES19.46%35 817
GAP-21.70%9 833