Burberry Group (LON:BRBY) Stock Price Up 14.7% – Should You Buy?

Burberry Group plc (LON:BRBY)’s stock price rose 14.7% during trading on Friday . The company traded as high as GBX 1,239 ($15.47) and last traded at GBX 1,227.50 ($15.32). Approximately 84,167,016 shares changed hands during trading, an increase of 430% from the average daily volume of 15,887,274 shares. The stock had previously closed at GBX 1,070.50 ($13.36).

Wall Street Analysts Forecast Growth

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

Burberry Group Stock Up 9.9 %

The company has a market capitalization of £4.22 billion, a PE ratio of 1,589.19, a PEG ratio of 1.66 and a beta of 1.06. 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 stock’s 50 day moving average is GBX 948.67 and its 200 day moving average is GBX 796.41.

Burberry Group (LON:BRBY) last posted its earnings results on Thursday, November 14th. The company reported GBX (18.30) (($0.23)) earnings per share for the quarter. Burberry Group had a return on equity of 20.13% and a net margin of 9.10%. On average, sell-side 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.