Burberry Group (LON:BRBY) Stock Breaks Above 50 Day Moving Average – Time to Sell?

Burberry Group plc (LON:BRBY) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 1,047.10 and traded as high as GBX 1,058.50. Burberry Group shares last traded at GBX 1,051.50, with a volume of 1,417,508 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,080 price target on shares of Burberry Group in a research report on Thursday, July 23rd. Royal Bank Of Canada downgraded shares of Burberry Group to a “sector perform” rating and dropped their price objective for the company from GBX 1,400 to GBX 1,200 in a research note on Tuesday, September 22nd. Finally, Citigroup cut their price objective on shares of Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 1,256.25.

Burberry Group Trading Up 1.4%

The stock’s fifty day simple moving average is GBX 1,047.10 and its 200-day simple moving average is GBX 1,109.70. The company has a debt-to-equity ratio of 162.02, a current ratio of 1.87 and a quick ratio of 1.63. The firm has a market cap of £3.77 billion, a PE ratio of 178.22, a PEG ratio of 1.66 and a beta of 0.70.

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.