Burberry Group (LON:BRBY) Trading 8.9% Higher – What’s Next?

Burberry Group plc (LON:BRBY) rose 8.9% during mid-day trading on Thursday . The company traded as high as GBX 992 ($13.16) and last traded at GBX 900.63 ($11.95). Approximately 6,199,242 shares traded hands during trading, a decline of 33% from the average daily volume of 9,300,185 shares. The stock had previously closed at GBX 826.80 ($10.97).

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped their price objective on shares of Burberry Group from GBX 1,300 ($17.25) to GBX 1,200 ($15.92) and set an “outperform” rating on the stock in a research note on Friday, March 28th.

Burberry Group Price Performance

The stock’s 50-day moving average is GBX 767.93 and its 200 day moving average is GBX 908.13. The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63. The company has a market cap of £3.49 billion, a PE ratio of 12.93, a PEG ratio of 1.66 and a beta of 1.06.

Burberry Group (LON:BRBY) last posted its earnings results on Wednesday, May 14th. The company reported GBX (14.80) (($0.20)) EPS for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%. On average, equities analysts anticipate 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.