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

Shares of Burberry Group plc (LON:BRBY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,015.26 ($13.66) and traded as high as GBX 1,211.50 ($16.30). Burberry Group shares last traded at GBX 1,210.59 ($16.29), with a volume of 1,271,617 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,000 price objective on shares of Burberry Group in a research note on Monday, July 21st. Citigroup boosted their price objective 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. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,266.67.

Burberry Group Stock Up 0.2%

The business has a fifty day moving average of GBX 1,199.03 and a 200 day moving average of GBX 1,015.26. The firm has a market cap of £4.34 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53.

Insider Transactions at Burberry Group

In related news, insider Kate Ferry acquired 3,228 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average price of GBX 1,100 per share, for a total transaction of £35,508. Also, insider Joshua Schulman acquired 29,744 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was bought at an average price of GBX 1,069 per share, with a total value of £317,963.36. Corporate insiders own 0.70% of the company’s stock.

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.