Burberry Group (LON:BRBY) Stock Price Up 8.9% - Should You Buy?

Burberry Group plc (LON:BRBY - Get Free Report)'s stock price shot up 8.9% during trading on Thursday . The stock traded as high as GBX 992 ($13.18) and last traded at GBX 900.63 ($11.96). 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 ($10.98).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada dropped their price target on shares of Burberry Group from GBX 1,300 ($17.27) to GBX 1,200 ($15.94) and set an "outperform" rating on the stock in a research report on Friday, March 28th.

Burberry Group Stock Up 4.0%

The firm's 50 day moving average price is GBX 766.56 and its two-hundred day moving average price is GBX 912.62. The company has a market cap of £3.59 billion, a P/E ratio of 13.30, 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 released its quarterly earnings data 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%. Equities research analysts anticipate that Burberry Group plc will post 32.6294821 EPS for the current fiscal 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.