Burberry Group (LON:BRBY) Stock Price Up 8.9% - Here's What Happened

Burberry Group plc (LON:BRBY - Get Free Report) shot up 8.9% during mid-day trading on Wednesday . The company traded as high as GBX 992 ($13.19) and last traded at GBX 900.63 ($11.98). 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 ($11.00).

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their price target on Burberry Group from GBX 1,300 ($17.29) to GBX 1,200 ($15.96) 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 stock has a market capitalization of £3.59 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a 50-day moving average of GBX 766.56 and a 200-day moving average of GBX 912.62.

Burberry Group (LON:BRBY - Get Free Report) last issued its quarterly earnings results 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%. As a group, equities research analysts expect that Burberry Group plc will post 32.6294821 earnings per share 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.