Burberry Group (LON:BRBY) Shares Up 12.1% – What’s Next?

Shares of Burberry Group plc (LON:BRBY) shot up 12.1% during mid-day trading on Friday . The company traded as high as GBX 1,251 ($15.62) and last traded at GBX 1,199.96 ($14.98). 85,558,547 shares were traded during trading, an increase of 436% from the average session volume of 15,969,129 shares. The stock had previously closed at GBX 1,070.50 ($13.36).

Analyst Upgrades and Downgrades

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

Burberry Group Stock Performance

The firm has a fifty day moving average of GBX 948.67 and a 200-day moving average of GBX 796.41. 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 firm has a market cap of £4.22 billion, a P/E ratio of 1,589.19, a PEG ratio of 1.66 and a beta of 1.06.

Burberry Group (LON:BRBY) last released its earnings results on Thursday, November 14th. The company reported GBX (18.30) (($0.23)) earnings per share (EPS) for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 20.13%. Research 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.