Burberry Group (LON:BRBY) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Burberry Group plc (LON:BRBY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 855.77 ($10.76) and traded as high as GBX 1,098 ($13.81). Burberry Group shares last traded at GBX 1,086.01 ($13.66), with a volume of 1,800,704 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their price target on shares of Burberry Group from GBX 1,000 ($12.58) to GBX 1,300 ($16.35) and gave the company an “outperform” rating in a research report on Tuesday, January 28th.

Burberry Group Price Performance

The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66. The stock has a market capitalization of £3.88 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The business’s 50-day moving average price is GBX 1,065.38 and its 200 day moving average price is GBX 858.90.

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.