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

Key Points

• Burberry Group's share price exceeded its 200-day moving average of GBX 1,070.88, closing at GBX 1,233.50 ($16.53) with a trading volume of 647,432 shares.
• Wall Street analysts have varying ratings for Burberry Group, with three issuing a Buy rating and an average price target of GBX 1,256.
• Insider Orna NiChionna purchased 1,208 shares at an average price of GBX 1,234, indicating insider confidence in the company's stock.

Burberry Group plc (LON:BRBY - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,070.88 ($14.35) and traded as high as GBX 1,233.50 ($16.53). Burberry Group shares last traded at GBX 1,233.50 ($16.53), with a volume of 647,432 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BRBY. Citigroup increased their target price on Burberry Group from GBX 1,250 to GBX 1,600 and gave the stock a "buy" rating in a research report on Monday, July 28th. HSBC reissued a "buy" rating and issued a GBX 1,600 target price on shares of Burberry Group in a research report on Tuesday, September 2nd. Jefferies Financial Group increased their target price on Burberry Group from GBX 580 to GBX 680 and gave the stock an "underperform" rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 1,400 price target on shares of Burberry Group in a research note on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 1,000 price target on shares of Burberry Group in a research note on Monday, July 21st. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of GBX 1,256.

Burberry Group Trading Up 0.1%

The firm has a market cap of £4.46 billion, a P/E ratio of -59.09, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The stock has a fifty day simple moving average of GBX 1,186.05 and a 200 day simple moving average of GBX 1,070.88. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66.

Insider Activity at Burberry Group

In other news, insider Orna NiChionna acquired 1,208 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was bought at an average price of GBX 1,234 per share, with a total value of £14,906.72. 0.65% 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.

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