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

Burberry Group plc (LON:BRBY - Get Free Report) shares shot up 8.9% 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).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada dropped 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 note on Friday, March 28th.

Burberry Group Price Performance

The firm has a market capitalization of £3.75 billion, a P/E ratio of 13.88, a PEG ratio of 1.66 and a beta of 1.06. The company has a fifty day moving average of GBX 766.30 and a 200 day moving average of GBX 913.31. The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63.

Burberry Group (LON:BRBY - Get Free Report) last posted 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 return on equity of 23.93% and a net margin of 9.10%. Sell-side analysts predict that Burberry Group plc will post 32.6294821 earnings per share 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.