Burberry Group (LON:BRBY) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Burberry Group plc (LON:BRBY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 810.93 ($10.12) and traded as high as GBX 1,214.50 ($15.16). Burberry Group shares last traded at GBX 1,211 ($15.11), with a volume of 855,455 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped their target price on shares of Burberry Group from GBX 1,000 ($12.48) to GBX 1,300 ($16.23) and gave the company an “outperform” rating in a research note on Tuesday, January 28th.

Burberry Group Price Performance

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 stock has a 50 day simple moving average of GBX 990.62 and a 200-day simple moving average of GBX 810.93. The firm has a market cap of £4.34 billion, a PE ratio of 1,636.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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

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.