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

Burberry Group plc (LON:BRBY)’s stock price shot up 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). 84,167,016 shares traded hands during mid-day trading, an increase of 430% from the average session volume of 15,887,274 shares. The stock had previously closed at GBX 1,070.50 ($13.36).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised shares of Burberry Group to an “outperform” rating and increased 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 Performance

The company’s 50-day moving average price is GBX 948.67 and its 200 day moving average price is 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 stock 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.

Burberry Group (LON:BRBY) last issued its quarterly earnings results 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%. On average, equities research analysts expect 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.