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Burberry Group (LON:BRBY) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Burberry Group logo with Consumer Cyclical background

Burberry Group plc (LON:BRBY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 835.84 ($10.53) and traded as high as GBX 906.20 ($11.42). Burberry Group shares last traded at GBX 906.20 ($11.42), with a volume of 3,635,252 shares trading hands.

Analyst Ratings Changes

BRBY has been the topic of a number of research reports. Royal Bank of Canada raised Burberry Group to an "outperform" rating and increased their price objective for the company from GBX 650 ($8.19) to GBX 900 ($11.34) in a report on Thursday, November 7th. Barclays lowered Burberry Group to an "underweight" rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 1,125 ($14.18).

Read Our Latest Research Report on Burberry Group

Burberry Group Stock Performance

The stock has a market capitalization of £3.25 billion, a price-to-earnings ratio of 1,224.59, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The firm has a fifty day moving average of GBX 692.65 and a 200 day moving average of GBX 835.84. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63.

About Burberry Group

(Get Free Report)

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.

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