Burberry Group (LON:BRBY) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Burberry Group plc (LON:BRBY)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,195.47 and traded as high as GBX 1,305. Burberry Group shares last traded at GBX 1,285.50, with a volume of 1,440,538 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BRBY. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,400 price target on shares of Burberry Group in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the company a “buy” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. cut Burberry Group to an “underweight” rating and upped their price target for the stock from GBX 850 to GBX 950 in a report on Friday, November 28th. 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. Finally, HSBC reiterated a “buy” rating and set a GBX 1,600 target price 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,336.43.

Burberry Group Stock Down 1.1%

The company has a market cap of £4.59 billion, a PE ratio of -176.67, a P/E/G ratio of 1.66 and a beta of 1.06. The firm has a 50-day simple moving average of GBX 1,212.19 and a two-hundred day simple moving average of GBX 1,195.47. The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63.

Burberry Group (LON:BRBY) last issued 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%. Research analysts anticipate 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.