Burberry Group (LON:BRBY) Shares Down 0.6% - Time to Sell?

Burberry Group plc (LON:BRBY - Get Free Report) shares were down 0.6% during trading on Tuesday . The company traded as low as GBX 950 ($12.12) and last traded at GBX 964.08 ($12.30). Approximately 2,162,818 shares traded hands during trading, a decline of 51% from the average daily volume of 4,411,410 shares. The stock had previously closed at GBX 970 ($12.37).

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BRBY shares. Barclays cut Burberry Group to an "underweight" rating in a report on Monday, September 9th. Royal Bank of Canada raised shares of Burberry Group to an "outperform" rating and boosted their target price for the company from GBX 650 ($8.29) to GBX 900 ($11.48) in a research note on Thursday, November 7th.

Burberry Group Stock Up 1.4 %

The stock has a market cap of £3.50 billion, a PE ratio of 1,320.36, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The business has a fifty day moving average of GBX 787.86 and a 200-day moving average of GBX 805.96. 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

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.