Burberry Group (LON:BRBY) Stock Price Up 8.9% – What’s Next?

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

Wall Street Analyst Weigh In

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

Burberry Group Stock Up 0.6%

The business’s 50 day simple moving average is GBX 767.93 and its 200-day simple moving average is GBX 908.13. The company has a market cap of £3.48 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66.

Burberry Group (LON:BRBY) last issued 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%. Sell-side analysts expect that Burberry Group plc will post 32.6294821 earnings per share for the current 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.