Burberry Group (LON:BRBY) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Burberry Group plc (LON:BRBY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 826.61 ($10.43) and traded as high as GBX 1,174.50 ($14.82). Burberry Group shares last traded at GBX 1,156 ($14.58), with a volume of 1,433,767 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their target price on shares of Burberry Group from GBX 1,000 ($12.62) to GBX 1,300 ($16.40) and gave the stock an "outperform" rating in a research note on Tuesday, January 28th.

Burberry Group Stock Down 1.1 %

The stock has a fifty day moving average of GBX 1,046.12 and a 200 day moving average of GBX 839.01. The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63. The firm has a market capitalization of £4.08 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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.