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

Burberry Group plc (LON:BRBY)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,033.88 ($13.90) and traded as high as GBX 1,207.22 ($16.23). Burberry Group shares last traded at GBX 1,195.41 ($16.07), with a volume of 979,996 shares trading hands.

Analyst Ratings Changes

BRBY has been the subject of several research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a research report on Thursday, September 25th. HSBC reissued a “buy” rating and issued a GBX 1,600 price objective on shares of Burberry Group in a research note on Tuesday, September 2nd. Citigroup lifted their target price on Burberry Group from GBX 1,250 to GBX 1,600 and gave the company a “buy” rating in a research report on Monday, July 28th. Jefferies Financial Group boosted their price objective on Burberry Group from GBX 580 to GBX 680 and gave the stock an “underperform” rating in a research report on Tuesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,000 price objective on shares of Burberry Group in a research note on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Burberry Group currently has an average rating of “Hold” and an average target price of GBX 1,256.

Burberry Group Price Performance

The firm has a fifty day moving average of GBX 1,203.18 and a two-hundred day moving average of GBX 1,033.88. The company has a market capitalization of £4.29 billion, a PE ratio of -5,719.65, a PEG ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53.

Insider Buying and Selling

In other Burberry Group news, insider Orna NiChionna purchased 1,208 shares of the stock in a transaction on Friday, September 5th. The stock was acquired at an average price of GBX 1,234 per share, with a total value of £14,906.72. 0.63% of the stock is owned by insiders.

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.