Burberry Group (LON:BRBY) Trading Up 12.1% – Here’s What Happened

Burberry Group plc (LON:BRBY) was up 12.1% during trading on Friday . The stock traded as high as GBX 1,251 ($15.45) and last traded at GBX 1,199.96 ($14.82). Approximately 85,558,547 shares traded hands during trading, an increase of 436% from the average daily volume of 15,969,129 shares. The stock had previously closed at GBX 1,070.50 ($13.22).

Analysts Set New Price Targets

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

Burberry Group Stock Performance

The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66. The company has a fifty day moving average of GBX 939.78 and a two-hundred day moving average of GBX 795.05. The firm has a market capitalization of £4.34 billion, a price-to-earnings ratio of 1,637.45, a PEG ratio of 1.66 and a beta of 1.06.

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%. As a group, equities research 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.