Burberry Group (LON:BRBY) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Burberry Group plc (LON:BRBY) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 1,047.10 and traded as high as GBX 1,058.50. Burberry Group shares last traded at GBX 1,051.50, with a volume of 1,417,508 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Berenberg Bank restated a “hold” rating and set a GBX 1,080 price objective on shares of Burberry Group in a research report on Thursday, July 23rd. Royal Bank Of Canada cut Burberry Group to a “sector perform” rating and dropped their target price for the stock from GBX 1,400 to GBX 1,200 in a report on Tuesday, September 22nd. Finally, Citigroup cut their target price on Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 1,256.25.

Burberry Group Stock Up 1.4%

The firm has a market capitalization of £3.77 billion, a PE ratio of 178.22, a PEG ratio of 1.66 and a beta of 0.70. The company has a fifty day simple moving average of GBX 1,047.10 and a two-hundred day simple moving average of GBX 1,109.70. The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87.

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.