Burberry Group (LON:BRBY) Trading Down 0.6% – What’s Next?

Burberry Group plc (LON:BRBY)’s stock price dropped 0.6% on Tuesday . The stock traded as low as GBX 950 ($12.12) and last traded at GBX 964.08 ($12.30). Approximately 2,162,818 shares changed hands during trading, a decline of 51% from the average daily volume of 4,411,410 shares. The stock had previously closed at GBX 970 ($12.37).

Wall Street Analyst Weigh In

BRBY has been the subject of several recent research reports. Barclays downgraded Burberry Group to an “underweight” rating in a report on Monday, September 9th. Royal Bank of Canada upgraded shares of Burberry Group to an “outperform” rating and upped their target price for the company from GBX 650 ($8.29) to GBX 900 ($11.48) in a research note on Thursday, November 7th.

Burberry Group Price Performance

The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66. The stock has a market capitalization of £3.50 billion, a price-to-earnings ratio of 1,320.36, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The business’s 50 day simple moving average is GBX 787.86 and its 200-day simple moving average is GBX 805.96.

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.