Burberry Group (LON:BRBY) Shares Cross Above 200 Day Moving Average – Here’s Why

Burberry Group plc (LON:BRBY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 799.10 ($10.01) and traded as high as GBX 979.71 ($12.28). Burberry Group shares last traded at GBX 968.80 ($12.14), with a volume of 235,885 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BRBY. Barclays lowered shares of Burberry Group to an “underweight” rating in a research report on Monday, September 9th. Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and increased their target price for the stock from GBX 650 ($8.15) to GBX 900 ($11.28) in a research note on Thursday, November 7th.

Burberry Group Stock Down 0.1 %

The company has a market capitalization of £3.47 billion, a P/E ratio of 1,309.19, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. 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 stock’s fifty day moving average is GBX 846.91 and its 200 day moving average is GBX 799.10.

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.