Burberry Group (LON:BRBY) Shares Up 14.2% – Time to Buy?

Shares of Burberry Group plc (LON:BRBY) shot up 14.2% during mid-day trading on Friday . The stock 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 mid-day 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 Analysts Forecast Growth

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

Burberry Group Stock Up 9.9 %

The firm has a market cap of £4.22 billion, a P/E ratio of 1,589.19, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company’s 50-day simple moving average is GBX 948.67 and its 200 day simple moving average is GBX 796.41. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63.

Burberry Group (LON:BRBY) last released 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%. Research analysts anticipate that Burberry Group plc will post 32.6294821 EPS 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.