Burberry Group (LON:BRBY) Stock Crosses Above 200 Day Moving Average - Here's Why

Burberry Group plc (LON:BRBY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 796.23 ($9.89) and traded as high as GBX 995.20 ($12.36). Burberry Group shares last traded at GBX 962 ($11.95), with a volume of 1,154,928 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays downgraded Burberry Group to an "underweight" rating in a research note on Monday, September 9th. Royal Bank of Canada upgraded shares of Burberry Group to an "outperform" rating and raised their price objective for the stock from GBX 650 ($8.07) to GBX 900 ($11.18) in a research note on Thursday, November 7th.

Burberry Group Stock Down 1.6 %

The firm has a 50 day moving average of GBX 883.70 and a 200-day moving average of GBX 794.57. 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 stock has a market capitalization of £3.45 billion, a P/E ratio of 1,300.00, 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.