Burberry Group (LON:BRBY) Stock Crosses Above 200 Day Moving Average – What’s Next?

Burberry Group plc (LON:BRBY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,121.59 and traded as high as GBX 1,210.50. Burberry Group shares last traded at GBX 1,205, with a volume of 928,386 shares traded.

Analyst Upgrades and Downgrades

BRBY has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a research report on Thursday, September 25th. Jefferies Financial Group upped their price objective on shares of Burberry Group from GBX 580 to GBX 680 and gave the stock an “underperform” rating in a research report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,000 price objective on shares of Burberry Group in a research report on Monday, July 21st. HSBC restated a “buy” rating and issued a GBX 1,600 price objective on shares of Burberry Group in a research report on Tuesday, September 2nd. Finally, Citigroup upped their price objective on shares of Burberry Group from GBX 1,250 to GBX 1,600 and gave the stock a “buy” rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 1,256.

Burberry Group Price Performance

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 business’s 50-day simple moving average is GBX 1,205.60 and its 200 day simple moving average is GBX 1,121.59. The firm has a market capitalization of £4.39 billion, a P/E ratio of -58.16, a PEG ratio of 1.66 and a beta of 1.06.

Insider Activity

In other news, insider Orna NiChionna bought 1,208 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were purchased at an average price of GBX 1,234 per share, for a total transaction of £14,906.72. Corporate insiders own 0.63% of the company’s stock.

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.