Burberry Group (LON:BRBY) Trading Up 14.7% – Here’s What Happened

Burberry Group plc (LON:BRBY)’s stock price rose 14.7% during mid-day trading on Friday . The company traded as high as GBX 1,239 ($15.30) and last traded at GBX 1,227.50 ($15.16). Approximately 84,167,016 shares traded hands during mid-day 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 ($13.22).

Analyst Ratings Changes

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

Burberry Group Price Performance

The stock has a 50 day simple moving average of GBX 939.78 and a two-hundred day simple moving average of GBX 795.05. The company has a market cap of £4.45 billion, a price-to-earnings ratio of 1,676.37, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63.

Burberry Group (LON:BRBY) last released 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, equities 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.