Burberry Group (LON:BRBY) Stock Price Up 14.2% – What’s Next?

Shares of Burberry Group plc (LON:BRBY) shot up 14.2% during trading on Friday . The company traded as high as GBX 1,251 ($15.62) and last traded at GBX 1,222.32 ($15.26). 84,956,516 shares changed hands during trading, an increase of 433% from the average session volume of 15,933,715 shares. The stock had previously closed at GBX 1,070.50 ($13.36).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and increased their price target for the stock from GBX 650 ($8.11) to GBX 900 ($11.23) in a research note on Thursday, November 7th.

Burberry Group Trading Up 9.9 %

The stock has a fifty day moving average of GBX 948.67 and a 200 day moving average of GBX 796.41. The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66. The company has a market capitalization of £4.22 billion, a P/E ratio of 1,589.19, a PEG ratio of 1.66 and a beta of 1.06.

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

About Burberry Group

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.