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

Shares of Burberry Group plc (LON:BRBY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 844.73 ($10.70) and traded as high as GBX 1,137.50 ($14.41). Burberry Group shares last traded at GBX 1,131.89 ($14.34), with a volume of 976,129 shares.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price target on shares of Burberry Group from GBX 1,000 ($12.67) to GBX 1,300 ($16.47) and gave the stock an “outperform” rating in a research note on Tuesday, January 28th.

Burberry Group Stock Performance

The stock has a fifty day moving average price of GBX 1,052.16 and a 200 day moving average price of GBX 844.73. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53. The firm has a market cap of £3.90 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth 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.