Burberry Group (LON:BRBY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

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 875.35 ($11.33) and traded as high as GBX 1,043.50 ($13.51). Burberry Group shares last traded at GBX 1,034.50 ($13.39), with a volume of 356,773,406 shares traded.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their price target on Burberry Group from GBX 1,000 ($12.95) to GBX 1,300 ($16.83) and gave the company an “outperform” rating in a report on Tuesday, January 28th.

Burberry Group Price Performance

The stock has a market cap of £3.70 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.66 and a beta of 1.06. The company’s 50 day moving average is GBX 1,077.02 and its 200 day moving average is GBX 875.35. The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63.

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.