Burberry stock trades at GBp 1,029 after RBC cuts target

Published on 09/29/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Burberry stock was trading at GBp 1,029.00 on September 29, 2026, while RBC set a lower GBp 1,200.00 target. FY26 profit rose to GBP 160 million.

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Burberry stock was trading at GBp 1,029.00 on the London Stock Exchange at 8:42 a.m. BST on September 29, 2026, up 0.54 percent from the previous close. The latest broker signal came from Sharecast, which reported on September 22, 2026, that RBC Capital downgraded Burberry to sector perform from outperform and reduced its price target to GBp 1,200.00 from GBp 1,400.00.

RBC lowers the valuation bar

The revised target stands 16.62 percent above the September 29 price. RBC also cut its FY28 and FY29 earnings per share estimates by 6 percent to 8 percent, leaving them 7 percent to 11 percent below consensus, according to Sharecast.

That assessment puts the stock move into perspective. Burberry shares were 1.60 percent higher at GBp 1,042.50 when RBC's view emerged on September 22, but the current quote remains 32.32 percent below the 52-week high of GBp 1,520.50.

Profit recovery leads the numbers

Burberry's FY26 revenue fell 2 percent at reported rates to GBP 2.42 billion from GBP 2.461 billion in FY25. At the same time, adjusted operating profit increased to GBP 160 million from GBP 26 million, and the adjusted operating margin widened to 6.60 percent from 1.00 percent, according to Onflair on September 21, 2026.

The operating improvement came with a gross margin of 67.90 percent, up from 62.50 percent, while free cash flow rose to GBP 141 million from GBP 65 million. The comparison suggests that inventory discipline and cost control currently matter more to the investment case than top-line growth.

November results set the next test

Burberry's investor calendar lists interim results for November 12, 2026, giving the market a defined checkpoint for the recovery. The company also reported a 5 percent like-for-like sales increase in its first-quarter trading update dated July 17, 2026, according to its Burberry investor page.

Burberry stock stays below its yearly high

On September 29, 2026, Burberry stock was trading at GBp 1,029.00 on the LSE, with 61,108 shares changing hands, a session high of GBp 1,040.50 and a session low of GBp 1,025.00. The 52-week range was GBp 953.40 to GBp 1,520.50.