Burberry Group (LON:BRBY) Stock Price Down 0.6% – Time to Sell?

Burberry Group plc (LON:BRBY)’s share price was down 0.6% on Tuesday . The stock traded as low as GBX 950 ($12.14) and last traded at GBX 964.08 ($12.32). Approximately 2,162,818 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 4,411,410 shares. The stock had previously closed at GBX 970 ($12.39).

Analysts Set New Price Targets

A number of equities analysts have issued reports on BRBY shares. Royal Bank of Canada upgraded Burberry Group to an “outperform” rating and increased their price target for the stock from GBX 650 ($8.30) to GBX 900 ($11.50) in a research report on Thursday, November 7th. Barclays cut shares of Burberry Group to an “underweight” rating in a research note on Monday, September 9th.

Burberry Group Stock Performance

The firm has a fifty day moving average price of GBX 780.54 and a 200 day moving average price of GBX 806.83. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70. The firm has a market cap of £3.46 billion, a PE ratio of 1,302.81, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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.