Burberry Group (LON:BRBY) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Burberry Group plc shares recently surpassed their 200-day moving average, trading at GBX 1,283.75 ($17.06), indicating a potential shift in investor sentiment.
• Analysts have set varying price targets for the stock, with Citigroup raising their target from GBX 1,250 ($16.61) to GBX 1,600 ($21.27) and issuing a "buy" rating.
• The company's latest earnings report showed a net margin of 9.10% and a return on equity of 23.93%, with anticipated earnings of 32.63 per share for the current fiscal year.

Burberry Group plc (LON:BRBY - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,007.94 ($13.40) and traded as high as GBX 1,293 ($17.19). Burberry Group shares last traded at GBX 1,283.75 ($17.06), with a volume of 2,396,546 shares trading hands.

Analysts Set New Price Targets

BRBY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 1,000 ($13.29) price target on shares of Burberry Group in a report on Monday, July 21st. Citigroup upped their price target on shares of Burberry Group from GBX 1,250 ($16.61) to GBX 1,600 ($21.27) and gave the company a "buy" rating in a report on Monday, July 28th.

Burberry Group Stock Down 0.4%

The stock's 50-day moving average is GBX 1,171.64 and its 200-day moving average is GBX 1,007.94. The stock has a market cap of £4.58 billion, a P/E ratio of 16.98, a price-to-earnings-growth 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.

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

Insider Transactions at Burberry Group

In other news, insider Kate Ferry acquired 3,228 shares of Burberry Group stock in a transaction on Friday, June 27th. The stock was bought at an average cost of GBX 1,100 ($14.62) per share, with a total value of £35,508 ($47,192.98). Also, insider Joshua Schulman acquired 29,744 shares of Burberry Group stock in a transaction on Friday, June 27th. The shares were purchased at an average cost of GBX 1,069 ($14.21) per share, with a total value of £317,963.36 ($422,598.83). 0.70% of the stock is currently owned by corporate insiders.

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.

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