Barclays initiates coverage of 11 luxury stocks after de-rating
Burberry Group
968.80p
12:40 24/12/24
-0.14%
-1.40p
Barclays initiated coverage on Wednesday of 11 stocks in the European luxury goods sector.
CAC 40
7,282.69
17:00 24/12/24
0.14%
10.37
Cboe Europe All Companies
51.32
11:45 01/12/20
0.00%
0.00
Cboe Europe All Companies ex UK
19,943.40
11:45 01/12/20
0.00%
0.00
Cboe Europe Consumer Cyclicals Sector
25,810.21
11:45 01/12/20
0.00%
0.00
Cboe Eurozone All Companies
18,452.61
11:45 01/12/20
0.00%
0.00
Cboe IT 40
3,318.05
13:20 01/12/20
-0.15%
-4.88
DJ EURO STOXX 50
4,857.86
23:59 24/12/24
0.10%
4.93
FTSE 100
8,136.99
12:59 24/12/24
n/a
n/a
FTSE 350
4,491.87
12:54 24/12/24
n/a
n/a
FTSE All-Share
4,449.61
13:14 24/12/24
n/a
n/a
Hermes International
€2,298.00
13:05 24/12/24
-0.17%
-€4.00
Kering
€234.20
13:05 24/12/24
-0.59%
-€1.40
LVMH
€630.80
13:05 24/12/24
0.25%
€1.60
Personal Goods
15,664.80
12:54 24/12/24
0.02%
3.12
Salvatore Ferragamo Spa
€5.98
00:27 24/12/24
0.00%
€0.00
Swatch Group AG
€0.00
10:20 20/12/24
0.00%
€0.00
The bank said it’s a secular growth and high-quality sector that has been trading at all-time highs, but the recent de-rating presents a "buying opportunity".
Barclays stated Swatch, Prada, LVMH, Richemont and Kering at ‘overweight’. Meanwhile, Hermes, Moncler, Mulberry and Burberry were started at ‘equalweight’. Tod's and Ferragamo were started at ‘underweight’ .
The bank said its preferred names are Swatch and LVMH, while its least preferred is Tod's.