Burberry Group (LON:BRBY) Stock Price Up 13.8% - What's Next?

Burberry Group plc (LON:BRBY - Get Free Report) shares shot up 13.8% during trading on Friday . The company traded as high as GBX 1,251 ($15.62) and last traded at GBX 1,218.50 ($15.21). 85,724,484 shares changed hands during trading, an increase of 437% from the average session volume of 15,977,398 shares. The stock had previously closed at GBX 1,070.50 ($13.37).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded shares of Burberry Group to an "outperform" rating and boosted their price target for the company from GBX 650 ($8.12) to GBX 900 ($11.24) in a research report on Thursday, November 7th.

Burberry Group Price Performance

The stock has a market capitalization of £4.22 billion, a PE ratio of 1,589.19, a PEG ratio of 1.66 and a beta of 1.06. The firm's fifty day moving average price is GBX 948.67 and its two-hundred day moving average price is GBX 796.98. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70.

Burberry Group (LON:BRBY - Get Free Report) last released its quarterly earnings results on Thursday, November 14th. The company reported GBX (18.30) (($0.23)) earnings per share (EPS) for the quarter. Burberry Group had a return on equity of 20.13% and a net margin of 9.10%. On average, equities analysts predict 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.