Burberry Group (LON:BRBY) Shares Up 13.8% – Still a Buy?

Shares of Burberry Group plc (LON:BRBY) rose 13.8% during mid-day trading on Friday . The stock traded as high as GBX 1,251 ($15.45) and last traded at GBX 1,218.50 ($15.05). Approximately 85,724,484 shares changed hands during trading, an increase of 437% from the average daily volume of 15,977,398 shares. The stock had previously closed at GBX 1,070.50 ($13.22).

Wall Street Analyst Weigh In

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

Burberry Group Trading Up 13.7 %

The company has a 50 day simple moving average of GBX 939.78 and a 200 day simple moving average of GBX 795.05. 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 £4.36 billion, a PE ratio of 1,644.88, a P/E/G 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 for the quarter. Burberry Group had a return on equity of 20.13% and a net margin of 9.10%. Analysts predict 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.