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

Burberry Group plc (LON:BRBY - Get Free Report)'s share price shot up 8.9% during mid-day trading 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).

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their price target on shares of 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 report on Friday, March 28th.

Burberry Group Price Performance

The stock has a market capitalization of £3.75 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53. The firm has a 50 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 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%. Research analysts anticipate that Burberry Group plc will post 32.6294821 earnings per share for the current 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.