Burberry Group (LON:BRBY) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Burberry Group plc (LON:BRBY)’s share 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 traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BRBY shares. Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and upped their target price for the stock from GBX 650 ($8.19) to GBX 900 ($11.34) in a research note on Thursday, November 7th. Barclays cut Burberry Group to an “underweight” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 1,125 ($14.18).

Burberry Group Stock Performance

The company has a market cap of £3.25 billion, a PE ratio of 1,224.59, a P/E/G ratio of 1.66 and a beta of 1.06. 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 business’s fifty day moving average is GBX 692.65 and its 200-day moving average is GBX 833.54.

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.