Burberry Group (LON:BRBY) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Burberry Group plc (LON:BRBY)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,017.14 ($13.74) and traded as high as GBX 1,356.50 ($18.33). Burberry Group shares last traded at GBX 1,315 ($17.77), with a volume of 2,120,892 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BRBY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,000 target price on shares of Burberry Group in a research report on Monday, July 21st. Citigroup lifted their target price on Burberry Group from GBX 1,250 to GBX 1,600 and gave the stock a “buy” rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Burberry Group presently has an average rating of “Hold” and a consensus target price of GBX 1,266.67.

Burberry Group Price Performance

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 firm has a fifty day moving average of GBX 1,219.98 and a two-hundred day moving average of GBX 1,017.14. The stock has a market capitalization of £4.67 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.66 and a beta of 1.06.

Insider Activity

In related news, insider Joshua Schulman bought 29,744 shares of the business’s stock in a transaction on Friday, June 27th. The shares were bought at an average price of GBX 1,069 per share, for a total transaction of £317,963.36. Also, insider Kate Ferry bought 3,228 shares of the business’s stock in a transaction on Friday, June 27th. The stock was bought at an average price of GBX 1,100 per share, for a total transaction of £35,508. Insiders own 0.70% 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.