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

Burberry Group plc (LON:BRBY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 886.51 ($11.45) and traded as high as GBX 906.40 ($11.70). Burberry Group shares last traded at GBX 882.80 ($11.40), with a volume of 1,313,948 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their price objective on Burberry Group from GBX 1,000 ($12.91) to GBX 1,300 ($16.79) and gave the stock an "outperform" rating in a research note on Tuesday, January 28th.

Burberry Group Price Performance

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 business has a 50-day moving average of GBX 1,071.12 and a 200 day moving average of GBX 890.11. The firm has a market capitalization of £3.05 billion, a P/E ratio of 11.30, a price-to-earnings-growth 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.