Burberry Group (LON:BRBY) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Burberry Group plc (LON:BRBY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 799.10 ($10.01) and traded as high as GBX 979.71 ($12.28). Burberry Group shares last traded at GBX 968.80 ($12.14), with a volume of 235,885 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BRBY. Royal Bank of Canada raised Burberry Group to an “outperform” rating and raised their price target for the company from GBX 650 ($8.15) to GBX 900 ($11.28) in a report on Thursday, November 7th. Barclays cut shares of Burberry Group to an “underweight” rating in a research note on Monday, September 9th.

Burberry Group Trading Down 0.1 %

The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70. The firm has a 50 day moving average price of GBX 846.91 and a two-hundred day moving average price of GBX 799.10. The company has a market cap of £3.47 billion, a price-to-earnings ratio of 1,309.19, a PEG 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.