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

Burberry Group plc (LON:BRBY)’s share price rose 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). Approximately 84,167,016 shares were traded 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 ($13.36).

Analysts Set New Price Targets

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

Burberry Group Price Performance

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

Burberry Group (LON:BRBY) last released 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%. Equities research analysts anticipate that Burberry Group plc will post 32.6294821 earnings per share for the current 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.