Burberry Group (LON:BRBY) Shares Cross Above 200 Day Moving Average – Time to Sell?

Burberry Group plc (LON:BRBY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 835.84 ($10.53) and traded as high as GBX 906.20 ($11.42). Burberry Group shares last traded at GBX 906.20 ($11.42), with a volume of 3,635,252 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BRBY. Barclays cut Burberry Group to an “underweight” rating in a research note on Monday, September 9th. Royal Bank of Canada raised shares of Burberry Group to an “outperform” rating and raised their price target for the stock from GBX 650 ($8.19) to GBX 900 ($11.34) in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 1,125 ($14.18).

Burberry Group Trading Up 4.4 %

The firm has a market cap of £3.25 billion, a price-to-earnings ratio of 1,224.59, a PEG ratio of 1.66 and a beta of 1.06. The company has a fifty day moving average price of GBX 692.65 and a 200-day moving average price of GBX 835.84. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70.

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.