Burberry Group (LON:BRBY) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Burberry Group plc (LON:BRBY)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,209.08 and traded as high as GBX 1,259.50. Burberry Group shares last traded at GBX 1,220, with a volume of 1,245,076 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BRBY shares. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a research report on Thursday, January 22nd. Barclays raised shares of Burberry Group to an “overweight” rating and raised their price target for the stock from GBX 1,340 to GBX 1,450 in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft boosted 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 report on Thursday, November 13th. Citigroup lifted their price target on shares of Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, UBS Group reissued a “buy” rating and set a GBX 1,570 price target on shares of Burberry Group in a research report on Friday, January 16th. Six research 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 presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,348.75.

Burberry Group Stock Down 0.7%

The firm’s 50-day moving average price is GBX 1,232.34 and its 200 day moving average price is GBX 1,209.08. 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 company has a market capitalization of £4.34 billion, a price-to-earnings ratio of -168.26, a PEG ratio of 1.66 and a beta of 1.06.

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.