Burberry Group (LON:BRBY) Share Price Passes Above 200-Day Moving Average – What’s Next?

Burberry Group plc (LON:BRBY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 792.66 ($9.70) and traded as high as GBX 971.80 ($11.89). Burberry Group shares last traded at GBX 968 ($11.85), with a volume of 1,140,017 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and lifted their target price for the company from GBX 650 ($7.96) to GBX 900 ($11.02) in a research report on Thursday, November 7th.

Burberry Group Trading Up 0.7 %

The firm has a market capitalization of £3.45 billion, a PE ratio of 1,300.00, a PEG ratio of 1.66 and a beta of 1.06. The business has a fifty day moving average price of GBX 913.30 and a two-hundred day moving average price of GBX 793.67. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70.

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.