Burberry Group (LON:BRBY) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Burberry Group plc (LON:BRBY)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 796.23 ($9.89) and traded as high as GBX 995.20 ($12.36). Burberry Group shares last traded at GBX 962 ($11.95), with a volume of 1,154,928 shares traded.

Analysts Set New Price Targets

A number of research firms recently issued reports on BRBY. Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and boosted their target price for the company from GBX 650 ($8.07) to GBX 900 ($11.18) in a report on Thursday, November 7th. Barclays downgraded Burberry Group to an “underweight” rating in a report on Monday, September 9th.

Burberry Group Stock Down 1.6 %

The stock’s fifty day simple moving average is GBX 883.70 and its two-hundred day simple moving average is GBX 794.57. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. The company has a market capitalization of £3.45 billion, a price-to-earnings ratio of 1,300.00, a PEG ratio of 1.66 and a beta of 1.06.

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.