Burberry Group (LON:BRBY) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Burberry Group plc (LON:BRBY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 802.95 ($10.09) and traded as high as GBX 958 ($12.04). Burberry Group shares last traded at GBX 956.20 ($12.02), with a volume of 1,053,697 shares changing hands.

Analyst Upgrades and Downgrades

BRBY has been the topic of several recent research reports. 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 lifted their target price for the stock from GBX 650 ($8.17) to GBX 900 ($11.32) in a research report on Thursday, November 7th.

Burberry Group Trading Up 0.3 %

The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66. The business has a fifty day simple moving average of GBX 803.89 and a 200 day simple moving average of GBX 802.95. The stock has a market cap of £3.44 billion, a price-to-earnings ratio of 1,295.41, a PEG ratio of 1.66 and a beta of 1.06.

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.