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

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

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised Burberry Group to an “outperform” rating and upped their price target 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 company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70. The stock 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. The firm’s 50-day simple moving average is GBX 939.78 and its two-hundred day simple moving average is GBX 795.05.

Burberry Group (LON:BRBY) last posted its quarterly earnings data 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, equities research analysts expect that Burberry Group plc will post 32.6294821 earnings per share 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.