Burberry Group (LON:BRBY) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Burberry Group plc (LON:BRBY)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 835.84 ($10.53) and traded as high as GBX 906.20 ($11.42). Burberry Group shares last traded at GBX 906.20 ($11.42), with a volume of 3,635,252 shares.

Analysts Set New Price Targets

BRBY has been the topic of several recent research reports. Barclays cut Burberry Group to an “underweight” rating in a research report on Monday, September 9th. Royal Bank of Canada upgraded Burberry Group to an “outperform” rating and lifted their target price for the company from GBX 650 ($8.19) to GBX 900 ($11.34) in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Burberry Group presently has an average rating of “Hold” and a consensus price target of GBX 1,125 ($14.18).

Burberry Group Stock Performance

The business has a 50-day moving average price of GBX 692.65 and a 200-day moving average price of GBX 835.84. 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 firm has a market capitalization of £3.25 billion, a price-to-earnings ratio of 1,224.59, a P/E/G 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.