Burberry Group (LON:BRBY) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Burberry Group plc (LON:BRBY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 844.73 ($10.67) and traded as high as GBX 1,137.50 ($14.37). Burberry Group shares last traded at GBX 1,131.89 ($14.30), with a volume of 976,129 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price objective on Burberry Group from GBX 1,000 ($12.63) to GBX 1,300 ($16.42) and gave the company an “outperform” rating in a research report on Tuesday, January 28th.

Burberry Group Stock Performance

The firm has a market capitalization of £3.80 billion, a PE ratio of 14.08, 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 business’s 50 day simple moving average is GBX 1,054.10 and its two-hundred day simple moving average is GBX 847.15.

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.