Burberry Group (LON:BRBY) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Burberry Group plc (LON:BRBY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada upgraded Burberry Group to an “outperform” rating and lifted their price objective for the stock from GBX 650 ($8.19) to GBX 900 ($11.34) in a research report on Thursday, November 7th. Barclays cut shares of Burberry Group to an “underweight” rating in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,125 ($14.18).

Burberry Group Trading Up 4.4 %

The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70. The company has a market cap of £3.25 billion, a PE ratio of 1,224.59, a PEG ratio of 1.66 and a beta of 1.06. The stock has a 50 day moving average price of GBX 692.65 and a 200 day moving average price of GBX 833.54.

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.