Burberry Group (LON:BRBY) Share Price Passes Above 200 Day Moving Average - Here's Why

Burberry Group plc (LON:BRBY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 802.95 ($10.04) and traded as high as GBX 958 ($11.97). Burberry Group shares last traded at GBX 956.20 ($11.95), with a volume of 1,053,697 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on BRBY shares. Barclays cut Burberry Group to an "underweight" rating in a research note on Monday, September 9th. Royal Bank of Canada upgraded Burberry Group to an "outperform" rating and raised their price target for the stock from GBX 650 ($8.12) to GBX 900 ($11.25) in a research report on Thursday, November 7th.

Burberry Group Stock Down 0.5 %

The firm has a market cap of £3.41 billion, a P/E ratio of 1,285.14, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70. The business has a 50-day moving average price of GBX 809.57 and a 200-day moving average price of GBX 802.22.

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.