Burberry Group (LON:BRBY) Trading 8.9% Higher – Time to Buy?

Burberry Group plc (LON:BRBY) shares traded up 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). 6,199,242 shares changed hands during 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 dropped their price objective on Burberry Group from GBX 1,300 ($17.25) to GBX 1,200 ($15.92) and set an “outperform” rating on the stock in a report on Friday, March 28th.

Burberry Group Price Performance

The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66. The firm has a market capitalization of £3.49 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The business has a 50 day simple moving average of GBX 767.93 and a two-hundred day simple moving average of GBX 908.13.

Burberry Group (LON:BRBY) last announced its quarterly earnings data on Wednesday, May 14th. The company reported GBX (14.80) (($0.20)) earnings per share for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%. On average, sell-side analysts expect that Burberry Group plc will post 32.6294821 EPS 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.