Burberry Group (LON:BRBY) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Burberry Group plc shares have surpassed their 200-day moving average, closing at GBX 1,199.50 ($16.02), with a price range reaching GBX 1,245.50 ($16.63).
• Analysts have mixed ratings on the stock, with price targets ranging from GBX 680 (Jefferies) to GBX 1,600 (HSBC), reflecting varied outlooks on Burberry's performance.
• The company's market capitalization stands at £4.33 billion, and it has seen insider buying, with a significant transaction involving 1,208 shares by Orna NiChionna.

Burberry Group plc (LON:BRBY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,048.65 ($14.00) and traded as high as GBX 1,245.50 ($16.63). Burberry Group shares last traded at GBX 1,199.50 ($16.02), with a volume of 690,289 shares changing hands.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup increased their price objective 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. Jefferies Financial Group increased their price objective on Burberry Group from GBX 580 to GBX 680 and gave the stock an "underperform" rating in a research report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 1,000 price objective on shares of Burberry Group in a research report on Monday, July 21st. HSBC reaffirmed a "buy" rating and set a GBX 1,600 price objective on shares of Burberry Group in a research report on Tuesday, September 2nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 1,400 price objective on shares of Burberry Group in a research report on Thursday, September 25th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of GBX 1,256.

Burberry Group Stock Down 1.9%

The stock has a market capitalization of £4.33 billion, a PE ratio of -5,739.23, 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 has a 50 day moving average of GBX 1,190.65 and a two-hundred day moving average of GBX 1,048.65.

Insider Activity

In other Burberry Group news, insider Orna NiChionna bought 1,208 shares of the company's stock in a transaction dated Friday, September 5th. The shares were acquired at an average cost of GBX 1,234 per share, with a total value of £14,906.72. Insiders own 0.65% of the company's stock.

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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