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

Burberry Group plc (LON:BRBY) was 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). Approximately 84,167,016 shares changed hands during 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 boosted their target price for the stock from GBX 650 ($8.03) to GBX 900 ($11.12) in a report on Thursday, November 7th.

Burberry Group Stock Performance

The stock has a market cap of £4.45 billion, a P/E ratio of 1,676.37, a PEG ratio of 1.66 and a beta of 1.06. The company has a fifty day moving average of GBX 939.78 and a 200 day moving average of GBX 795.05. 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 announced its 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%. On average, equities analysts predict 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.