Shares of Burberry Group plc (LON:BRBY - Get Free Report) shot up 8.9% on Thursday . The company traded as high as GBX 992 ($13.25) and last traded at GBX 900.63 ($12.03). 6,199,242 shares traded 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 ($11.04).
Analyst Ratings Changes
Separately, Royal Bank of Canada reduced their price objective on Burberry Group from GBX 1,300 ($17.36) to GBX 1,200 ($16.03) and set an "outperform" rating for the company in a research note on Friday, March 28th.
Check Out Our Latest Stock Report on BRBY
Burberry Group Trading Up 3.7%
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 company has a market capitalization of £3.75 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The firm has a fifty day moving average price of GBX 766.30 and a 200-day moving average price of GBX 913.31.
Burberry Group (LON:BRBY - Get Free Report) last announced 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 net margin of 9.10% and a return on equity of 23.93%. On average, equities research analysts anticipate that Burberry Group plc will post 32.6294821 earnings per share for the current year.
Burberry Group Company Profile
(
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.
See Also
Before you consider Burberry Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Burberry Group wasn't on the list.
While Burberry Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
