Burberry Group (LON:BRBY) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Burberry Group plc (LON:BRBY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 796.23 ($9.89) and traded as high as GBX 995.20 ($12.36). Burberry Group shares last traded at GBX 962 ($11.95), with a volume of 1,154,928 shares changing hands.

Analysts Set New Price Targets

BRBY has been the subject of a number of analyst reports. Royal Bank of Canada raised Burberry Group to an “outperform” rating and increased their price target for the company from GBX 650 ($8.07) to GBX 900 ($11.18) in a research report on Thursday, November 7th. Barclays lowered shares of Burberry Group to an “underweight” rating in a research note on Monday, September 9th.

Burberry Group Price Performance

The business’s 50-day moving average price is GBX 883.70 and its 200 day moving average price is GBX 796.23. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70. The company has a market capitalization of £3.45 billion, a P/E ratio of 1,300.00, 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.