Burberry Group (LON:BRBY) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Burberry Group plc (LON:BRBY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 792.66 ($9.70) and traded as high as GBX 971.80 ($11.89). Burberry Group shares last traded at GBX 968 ($11.85), with a volume of 1,140,017 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised Burberry Group to an "outperform" rating and increased their target price for the company from GBX 650 ($7.95) to GBX 900 ($11.01) in a report on Thursday, November 7th.

Burberry Group Price Performance

The company's 50-day simple moving average is GBX 909.39 and its 200-day simple moving average is GBX 793.88. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. The company has a market cap of £3.43 billion, a price-to-earnings ratio of 1,291.35, a P/E/G 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.