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

Burberry Group plc (LON:BRBY - Get Free Report) shares rose 8.9% on Thursday . The stock traded as high as GBX 992 ($13.29) and last traded at GBX 900.63 ($12.06). Approximately 6,199,242 shares changed hands during trading, a decline of 33% from the average daily volume of 9,300,185 shares. The stock had previously closed at GBX 826.80 ($11.07).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada dropped their price objective on shares of Burberry Group from GBX 1,300 ($17.41) to GBX 1,200 ($16.07) and set an "outperform" rating on the stock in a research note on Friday, March 28th.

Burberry Group Stock Up 3.7%

The company has a market cap 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 company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63. The stock has a fifty day moving average price of GBX 767.27 and a two-hundred day moving average price of GBX 915.11.

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