Burberry Group (LON:BRBY) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Burberry Group plc (LON:BRBY) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,070.88 ($14.35) and traded as high as GBX 1,233.50 ($16.53). Burberry Group shares last traded at GBX 1,233.50 ($16.53), with a volume of 647,432 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Burberry Group from GBX 580 to GBX 680 and gave the stock an “underperform” rating in a report on Tuesday, September 23rd. Citigroup lifted their target price 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,000 target price on shares of Burberry Group in a research report on Monday, July 21st. 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. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research report on Thursday, September 25th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 1,256.

Burberry Group Stock Performance

The firm has a fifty day moving average price of GBX 1,186.05 and a 200 day moving average price of GBX 1,070.88. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66. The stock has a market cap of £4.46 billion, a PE ratio of -59.09, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

Insiders Place Their Bets

In related news, insider Orna NiChionna purchased 1,208 shares of the business’s stock in a transaction on Friday, September 5th. The shares were bought at an average cost of GBX 1,234 per share, with a total value of £14,906.72. Corporate insiders own 0.65% of the company’s stock.

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.