Burberry Group (LON:BRBY) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Burberry Group plc (LON:BRBY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 802.95 ($10.09) and traded as high as GBX 958 ($12.04). Burberry Group shares last traded at GBX 956.20 ($12.02), with a volume of 1,053,697 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays cut shares of 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 target price for the company from GBX 650 ($8.17) to GBX 900 ($11.31) in a research report on Thursday, November 7th.

Burberry Group Stock Up 0.7 %

The firm has a fifty day moving average of GBX 815.36 and a 200-day moving average of GBX 801.53. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70. The firm has a market cap of £3.43 billion, a P/E ratio of 1,293.78, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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.