Burberry Group (LON:BRBY) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Burberry Group plc (LON:BRBY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 799.10 ($10.06) and traded as high as GBX 979.71 ($12.33). Burberry Group shares last traded at GBX 968.80 ($12.19), with a volume of 235,885 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on BRBY shares. Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and upped their price objective for the stock from GBX 650 ($8.18) to GBX 900 ($11.33) in a report on Thursday, November 7th. Barclays cut shares of Burberry Group to an “underweight” rating in a research report on Monday, September 9th.

Burberry Group Stock Down 0.1 %

The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70. The firm has a market capitalization of £3.47 billion, a P/E ratio of 1,308.11, a P/E/G ratio of 1.66 and a beta of 1.06. The stock’s 50-day simple moving average is GBX 853.01 and its 200-day simple moving average is GBX 798.50.

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.