Burberry Group (LON:BRBY) Shares Up 8.9% - Still a Buy?

Burberry Group plc (LON:BRBY - Get Free Report) shot up 8.9% during 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 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).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their target price on 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 note on Friday, March 28th.

Burberry Group Stock Up 1.0%

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 firm has a 50 day simple moving average of GBX 767.93 and a 200-day simple moving average of GBX 908.13. The stock has a market capitalization of £3.49 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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

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