Burberry Group (LON:BRBY) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Burberry Group plc (LON:BRBY)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 792.66 ($9.70) and traded as high as GBX 971.80 ($11.89). Burberry Group shares last traded at GBX 968 ($11.85), with a volume of 1,140,017 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and increased their price objective for the stock from GBX 650 ($7.95) to GBX 900 ($11.01) in a research note on Thursday, November 7th.

Burberry Group Trading Up 1.4 %

The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. The firm’s fifty day moving average price is GBX 905 and its 200-day moving average price is GBX 792.66. The company has a market cap of £3.47 billion, a price-to-earnings ratio of 1,308.11, a P/E/G 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.