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

Burberry Group plc (LON:BRBY)’s stock price 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.

Wall Street Analyst Weigh In

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

Burberry Group Stock Down 3.8 %

The stock has a 50-day simple moving average of GBX 1,054.10 and a two-hundred day simple moving average of GBX 847.15. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53. The firm has a market cap of £3.80 billion, a PE ratio of 14.08, a P/E/G 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.