Burberry Group plc (LON:BRBY - Get Free Report) shares traded up 17.9% on Wednesday . The company traded as high as GBX 976.20 ($12.98) and last traded at GBX 974.44 ($12.96). 51,441,273 shares changed hands during mid-day trading, an increase of 425% from the average session volume of 9,791,946 shares. The stock had previously closed at GBX 826.80 ($10.99).
Analysts Set New Price Targets
Separately, Royal Bank of Canada decreased their target price 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 research report on Friday, March 28th.
Get Our Latest Report on Burberry Group
Burberry Group Stock Performance
The stock's fifty day simple moving average is GBX 766.56 and its 200-day simple moving average is GBX 912.62. The company has a market capitalization of £3.61 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66.
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)) EPS for the quarter. Burberry Group had a return on equity of 23.93% and a net margin of 9.10%. As a group, equities analysts predict that Burberry Group plc will post 32.6294821 earnings per share for the current 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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