Burberry Group (LON:BRBY) Stock Price 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.

Shares of Burberry Group plc (LON:BRBY - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,014.68 ($13.75) and traded as high as GBX 1,164.25 ($15.78). Burberry Group shares last traded at GBX 1,125 ($15.25), with a volume of 2,688,765 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BRBY shares. Citigroup raised their price target on shares of Burberry Group from GBX 1,250 ($16.94) to GBX 1,600 ($21.69) and gave the stock a "buy" rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 1,000 ($13.55) price objective on shares of Burberry Group in a report on Monday, July 21st.

Burberry Group Stock Performance

The company's fifty day moving average is GBX 1,194.47 and its 200 day moving average is GBX 1,014.50. 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 company has a market capitalization of £3.93 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.66 and a beta of 1.06.

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

Insiders Place Their Bets

In related news, insider Joshua Schulman bought 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 ($14.49) per share, for a total transaction of £317,963.36 ($430,961.45). Also, insider Kate Ferry bought 3,228 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was bought at an average price of GBX 1,100 ($14.91) per share, with a total value of £35,508 ($48,126.86). 0.70% of the stock is owned by insiders.

Burberry Group Company Profile

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.