Burberry Group (LON:BRBY) Stock Crosses Above 200 Day Moving Average – What’s Next?

Burberry Group plc (LON:BRBY) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,121.59 and traded as high as GBX 1,210.50. Burberry Group shares last traded at GBX 1,205, with a volume of 928,386 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BRBY. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,000 price target on shares of Burberry Group in a research report on Monday, July 21st. HSBC reaffirmed a “buy” rating and set a GBX 1,600 price objective on shares of Burberry Group in a report on Tuesday, September 2nd. Jefferies Financial Group upped their price objective on shares of Burberry Group from GBX 580 to GBX 680 and gave the company an “underperform” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a report on Thursday, September 25th. Finally, Citigroup upped their price objective on shares of Burberry Group from GBX 1,250 to GBX 1,600 and gave the company a “buy” rating in a report on Monday, July 28th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 1,256.

Burberry Group Stock Performance

The stock has a market capitalization of £4.39 billion, a PE ratio of -58.16, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63. The business’s fifty day moving average price is GBX 1,205.60 and its 200-day moving average price is GBX 1,121.59.

Insider Activity

In other news, insider Orna NiChionna purchased 1,208 shares of the stock in a transaction dated Friday, September 5th. The shares were purchased at an average cost of GBX 1,234 per share, with a total value of £14,906.72. Insiders own 0.63% of the company’s stock.

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.