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

Key Points

• Burberry Group shares surpassed their 200-day moving average, trading at GBX 1,125 ($15.19) after reaching a high of GBX 1,164.25 ($15.72).
• Analysts have mixed ratings, with Citigroup increasing its target price to GBX 1,600 ($21.60) and maintaining a "buy" rating, while Deutsche Bank established a target price of GBX 1,000 ($13.50) with a "hold" rating.
• Company insiders have recently purchased shares, with one insider acquiring nearly 30,000 shares at around GBX 1,069 ($14.43) each, indicating confidence in the company's prospects.

Burberry Group plc (LON:BRBY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,014.68 ($13.73) and traded as high as GBX 1,164.25 ($15.75). Burberry Group shares last traded at GBX 1,125 ($15.22), with a volume of 2,688,765 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on BRBY shares. Citigroup raised their target price on shares of Burberry Group from GBX 1,250 ($16.91) to GBX 1,600 ($21.65) and gave the company a "buy" rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 1,000 ($13.53) target price on shares of Burberry Group in a research report on Monday, July 21st.

Burberry Group Stock Performance

The company has a market cap of £3.93 billion, a PE ratio of 14.57, a P/E/G ratio of 1.66 and a beta of 1.06. 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 firm's 50-day simple moving average is GBX 1,194.02 and its two-hundred day simple moving average is GBX 1,015.26.

Burberry Group (LON:BRBY - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported GBX (14.80) (($0.20)) earnings per share for the quarter. Burberry Group had a return on equity of 23.93% and a net margin of 9.10%. As a group, research analysts anticipate that Burberry Group plc will post 32.6294821 earnings per share for the current fiscal year.

Insider Buying and Selling at Burberry Group

In other news, insider Kate Ferry bought 3,228 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average cost of GBX 1,100 ($14.88) per share, for a total transaction of £35,508 ($48,042.21). Also, insider Joshua Schulman purchased 29,744 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was bought at an average cost of GBX 1,069 ($14.46) per share, with a total value of £317,963.36 ($430,203.44). Insiders own 0.70% of the company's stock.

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.