Burberry Group (LON:BRBY) Shares Cross Above 200-Day Moving Average – What’s Next?

Burberry Group plc (LON:BRBY) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 886.51 ($11.53) and traded as high as GBX 906.40 ($11.79). Burberry Group shares last traded at GBX 882.80 ($11.48), with a volume of 1,313,948 shares.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price target on shares of Burberry Group from GBX 1,000 ($13.01) to GBX 1,300 ($16.91) and gave the stock an “outperform” rating in a report on Tuesday, January 28th.

Burberry Group Stock Down 2.8 %

The company has a market capitalization of £3.15 billion, a PE ratio of 11.69, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53. The stock’s fifty day moving average is GBX 1,074.53 and its two-hundred day moving average is GBX 886.51.

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.