Burberry Group (LON:BRBY) Stock 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 Friday . The stock has a 200-day moving average of GBX 796.23 ($9.89) and traded as high as GBX 995.20 ($12.36). Burberry Group shares last traded at GBX 962 ($11.95), with a volume of 1,154,928 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on BRBY. Barclays lowered Burberry Group to an “underweight” rating in a research note on Monday, September 9th. Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and boosted their price target for the stock from GBX 650 ($8.07) to GBX 900 ($11.18) in a research report on Thursday, November 7th.

Burberry Group Price Performance

The business has a fifty day simple moving average of GBX 883.70 and a 200-day simple moving average of GBX 796.23. The stock has a market capitalization of £3.45 billion, a P/E ratio of 1,300.00, a PEG ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66.

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.