Burberry Group (LON:BRBY) Shares Up 12.1% – Time to Buy?

Burberry Group plc (LON:BRBY) traded up 12.1% during trading on Friday . The company traded as high as GBX 1,251 ($15.62) and last traded at GBX 1,199.96 ($14.98). 85,558,547 shares were traded during mid-day trading, an increase of 436% from the average session volume of 15,969,129 shares. The stock had previously closed at GBX 1,070.50 ($13.36).

Wall Street Analyst Weigh In

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

Burberry Group Trading Up 9.9 %

The company’s fifty day simple moving average is GBX 948.67 and its two-hundred day simple moving average is GBX 796.41. The company has a market capitalization of £4.22 billion, a price-to-earnings ratio of 1,589.19, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70.

Burberry Group (LON:BRBY) last issued its quarterly earnings data 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%. Research analysts forecast that Burberry Group plc will post 32.6294821 earnings per share for the current fiscal 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.