Burberry Group (LON:BRBY) Trading Up 14.7% – Still a Buy?

Shares of Burberry Group plc (LON:BRBY) were up 14.7% on Friday . The company traded as high as GBX 1,239 ($15.30) and last traded at GBX 1,227.50 ($15.16). Approximately 84,167,016 shares were traded during mid-day 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 ($13.22).

Analyst Ratings Changes

Separately, Royal Bank of Canada raised Burberry Group to an “outperform” rating and increased their price objective for the company from GBX 650 ($8.03) to GBX 900 ($11.12) in a report on Thursday, November 7th.

Burberry Group Stock Performance

The firm has a 50-day moving average of GBX 939.78 and a two-hundred day moving average of GBX 795.05. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70. The company has a market capitalization of £4.45 billion, a PE ratio of 1,676.37, a PEG ratio of 1.66 and a beta of 1.06.

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