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

Shares of Burberry Group plc (LON:BRBY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 793.85 ($9.79) and traded as high as GBX 1,016.61 ($12.53). Burberry Group shares last traded at GBX 1,016 ($12.53), with a volume of 2,397,760 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised shares of Burberry Group to an “outperform” rating and raised their price target for the company from GBX 650 ($8.01) to GBX 900 ($11.10) in a research note on Thursday, November 7th.

Burberry Group Stock Up 4.4 %

The company has a market cap of £3.64 billion, a PE ratio of 1,372.97, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The business has a fifty day simple moving average of GBX 929.52 and a two-hundred day simple moving average of GBX 793.85. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70.

Burberry Group (LON:BRBY) last posted its quarterly earnings results on Thursday, November 14th. The company reported GBX (18.30) (($0.23)) earnings per share for the quarter. Burberry Group had a return on equity of 20.13% and a net margin of 9.10%. As a group, equities research analysts predict that Burberry Group plc will post 32.6294821 earnings per share for the current year.

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.