Burberry Group (LON:BRBY) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Burberry Group plc (LON:BRBY) crossed 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 trading hands.

Analysts Set New Price Targets

BRBY has been the subject of a number of recent research reports. Royal Bank of Canada upgraded Burberry Group to an “outperform” rating and increased their price objective for the company from GBX 650 ($8.07) to GBX 900 ($11.18) in a research report on Thursday, November 7th. Barclays lowered Burberry Group to an “underweight” rating in a research report on Monday, September 9th.

Burberry Group Price Performance

The company’s 50-day simple moving average is GBX 883.70 and its 200 day simple moving average is GBX 794.57. The company has a market capitalization of £3.45 billion, a P/E ratio of 1,300.00, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70.

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.