Burberry Group (LON:BRBY) Stock Price Up 14.2% – Still a Buy?

Burberry Group plc (LON:BRBY)’s stock price rose 14.2% during trading on Friday . The company traded as high as GBX 1,251 ($15.45) and last traded at GBX 1,222.32 ($15.10). Approximately 84,956,516 shares traded hands during mid-day trading, an increase of 433% from the average daily volume of 15,933,715 shares. The stock had previously closed at GBX 1,070.50 ($13.22).

Wall Street Analyst Weigh In

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

Burberry Group Stock Up 10.6 %

The company has a market cap of £4.25 billion, a P/E ratio of 1,600.00, a P/E/G ratio of 1.66 and a beta of 1.06. The stock has a 50-day moving average of GBX 939.78 and a two-hundred day moving average of GBX 795.05. The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66.

Burberry Group (LON:BRBY) last announced 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, research analysts anticipate that Burberry Group plc will post 32.6294821 EPS 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.