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

Burberry Group plc (LON:BRBY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,225.48 and traded as high as GBX 1,327. Burberry Group shares last traded at GBX 1,311.50, with a volume of 1,304,547 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BRBY. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the company a “buy” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. lowered shares of Burberry Group to an “underweight” rating and increased their price target for the stock from GBX 850 to GBX 950 in a research report on Friday, November 28th. Jefferies Financial Group raised their price target on shares of Burberry Group from GBX 580 to GBX 680 and gave the stock an “underperform” rating in a research note on Tuesday, September 23rd. UBS Group reiterated a “buy” rating and issued a GBX 1,575 price objective on shares of Burberry Group in a research note on Friday, November 7th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research report on Thursday, September 25th. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 1,336.43.

Burberry Group Trading Down 0.1%

The company’s fifty day moving average price is GBX 1,231.26 and its two-hundred day moving average price is GBX 1,225.48. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53. The company has a market cap of £4.70 billion, a price-to-earnings ratio of -182.15, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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

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. 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.