Burberry Group (LON:BRBY) Shares Pass Above 200-Day Moving Average – What’s Next?

Burberry Group plc (LON:BRBY)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,186.01 and traded as high as GBX 1,213. Burberry Group shares last traded at GBX 1,195, with a volume of 64,100,781 shares changing hands.

Wall Street Analyst Weigh In

BRBY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the stock a “buy” rating in a research note on Thursday, November 13th. UBS Group reiterated a “buy” rating and set a GBX 1,575 price objective on shares of Burberry Group in a research report on Friday, November 7th. Jefferies Financial Group raised their price objective on Burberry Group from GBX 580 to GBX 680 and gave the company an “underperform” rating in a research note on Tuesday, September 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research note on Thursday, September 25th. Finally, HSBC reissued a “buy” rating and issued a GBX 1,600 price objective on shares of Burberry Group in a research report on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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 stock has a market cap of £4.27 billion, a PE ratio of -164.10, a P/E/G ratio of 1.66 and a beta of 1.06. The business’s 50-day moving average price is GBX 1,206.68 and its 200-day moving average price is GBX 1,186.01.

Burberry Group (LON:BRBY) last announced its earnings results 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%. As a group, equities research analysts expect that Burberry Group plc will post 32.6294821 earnings per share for the current fiscal 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.