Burberry Group plc (LON:BRBY - Get Free Report)'s share price rose 14.7% during trading on Friday . The company traded as high as GBX 1,239 ($15.47) and last traded at GBX 1,227.50 ($15.33). Approximately 84,167,016 shares changed hands during 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 ($13.37).
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada raised Burberry Group to an "outperform" rating and lifted their target price for the company from GBX 650 ($8.12) to GBX 900 ($11.24) in a research report on Thursday, November 7th.
Read Our Latest Analysis on Burberry Group
Burberry Group Trading Up 9.9 %
The stock has a market cap of £4.22 billion, a price-to-earnings ratio of 1,589.19, a PEG ratio of 1.66 and a beta of 1.06. The business's 50 day simple moving average is GBX 948.67 and its 200 day simple moving average 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 announced 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 net margin of 9.10% and a return on equity of 20.13%. On average, research analysts expect that Burberry Group plc will post 32.6294821 EPS for the current fiscal year.
About Burberry Group
(
Get Free Report)
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.
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