Burberry Group (LON:BRBY) Stock Price Up 13.8% – Time to Buy?

Burberry Group plc (LON:BRBY)’s share price shot up 13.8% during trading on Friday . The stock traded as high as GBX 1,251 ($15.45) and last traded at GBX 1,218.50 ($15.05). 85,724,484 shares were traded during mid-day trading, an increase of 437% from the average session volume of 15,977,398 shares. The stock had previously closed at GBX 1,070.50 ($13.22).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised Burberry Group to an “outperform” rating and raised their price objective for the stock from GBX 650 ($8.03) to GBX 900 ($11.12) in a research report on Thursday, November 7th.

Burberry Group Stock Up 13.7 %

The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70. The company has a market capitalization of £4.36 billion, a PE ratio of 1,644.88, a PEG ratio of 1.66 and a beta of 1.06. The business has a fifty day moving average of GBX 939.78 and a 200 day moving average of GBX 795.05.

Burberry Group (LON:BRBY) last posted its quarterly earnings results on Thursday, November 14th. The company reported GBX (18.30) (($0.23)) EPS for the quarter. Burberry Group had a return on equity of 20.13% and a net margin of 9.10%. Equities research analysts anticipate that Burberry Group plc will post 32.6294821 EPS for the current year.

Burberry Group Company Profile

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.