Burberry Group (LON:BRBY) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Burberry Group plc (LON:BRBY) shares crossed 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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BRBY. Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and increased their price objective for the company from GBX 650 ($8.17) to GBX 900 ($11.31) in a research note on Thursday, November 7th. Barclays cut shares of Burberry Group to an “underweight” rating in a research note on Monday, September 9th.

Burberry Group Price Performance

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 company has a market capitalization of £3.43 billion, a price-to-earnings ratio of 1,293.78, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a 50-day moving average price of GBX 815.36 and a 200-day moving average price of GBX 801.53.

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.