Burberry Group (LON:BRBY) Shares Cross Above 200-Day Moving Average – What’s Next?

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 886.51 ($11.53) and traded as high as GBX 906.40 ($11.79). Burberry Group shares last traded at GBX 882.80 ($11.48), with a volume of 1,313,948 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their price target on Burberry Group from GBX 1,000 ($13.01) to GBX 1,300 ($16.91) and gave the company an “outperform” rating in a research report on Tuesday, January 28th.

Burberry Group Stock Performance

The company has a 50-day moving average price of GBX 1,074.53 and a two-hundred day moving average price of GBX 886.51. The stock has a market capitalization of £3.15 billion, a P/E ratio of 11.69, a PEG 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 136.53.

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.