Burberry Group (LON:BRBY) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Burberry Group plc (LON:BRBY) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 886.51 ($11.45) and traded as high as GBX 906.40 ($11.70). Burberry Group shares last traded at GBX 882.80 ($11.40), with a volume of 1,313,948 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price target on shares of Burberry Group from GBX 1,000 ($12.91) to GBX 1,300 ($16.79) and gave the company an “outperform” rating in a report on Tuesday, January 28th.

Burberry Group Stock Down 3.7 %

The firm’s 50 day moving average price is GBX 1,073.16 and its 200-day moving average price is GBX 887.84. 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 company has a market cap of £3.05 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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.