Burberry Group (LON:BRBY) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Burberry Group plc (LON:BRBY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,202.83 and traded as high as GBX 1,265. Burberry Group shares last traded at GBX 1,252.50, with a volume of 169,357 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group restated a “buy” rating and set a GBX 1,575 price target on shares of Burberry Group in a report on Friday, November 7th. JPMorgan Chase & Co. downgraded shares of Burberry Group to an “underweight” rating and boosted their target price for the company from GBX 850 to GBX 950 in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft raised their target price on Burberry Group from GBX 1,500 to GBX 1,550 and gave the stock a “buy” rating in a research report on Thursday, November 13th. HSBC reiterated a “buy” rating and set a GBX 1,600 price target on shares of Burberry Group in a report on Tuesday, September 2nd. Finally, Jefferies Financial Group increased their price objective on Burberry Group from GBX 580 to GBX 680 and gave the stock an “underperform” rating in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 1,336.43.

Burberry Group Stock Performance

The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53. The firm has a market capitalization of £4.52 billion, a PE ratio of -173.96, a PEG ratio of 1.66 and a beta of 1.06. The firm’s fifty day moving average price is GBX 1,222.39 and its 200 day moving average price is GBX 1,204.05.

Burberry Group (LON:BRBY) last announced its quarterly earnings data on Thursday, November 13th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. Burberry Group had a return on equity of 23.93% and a net margin of 9.10%. On average, research analysts anticipate that Burberry Group plc will post 32.6294821 earnings per share for the current year.

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. 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.