Burberry Group (LON:BRBY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Burberry Group plc (LON:BRBY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 792.66 ($9.70) and traded as high as GBX 971.80 ($11.89). Burberry Group shares last traded at GBX 968 ($11.85), with a volume of 1,140,017 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and lifted their target price for the company from GBX 650 ($7.95) to GBX 900 ($11.01) in a report on Thursday, November 7th.

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 business’s fifty day simple moving average is GBX 905 and its 200 day simple moving average is GBX 792.66. The stock has a market cap of £3.47 billion, a price-to-earnings ratio of 1,308.11, 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.