Burberry Group (LON:BRBY) Shares Pass Above 200 Day Moving Average - Time to Sell?

Burberry Group plc (LON:BRBY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 918.42 ($12.46) and traded as high as GBX 1,005 ($13.64). Burberry Group shares last traded at GBX 976.80 ($13.25), with a volume of 1,365,144 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price target on Burberry Group from GBX 1,300 ($17.64) to GBX 1,200 ($16.28) and set an "outperform" rating for the company in a research note on Friday, March 28th.

Burberry Group Stock Performance

The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53. The stock has a 50 day simple moving average of GBX 772.34 and a 200 day simple moving average of GBX 920.69. The company has a market capitalization of £3.62 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.66 and a beta of 1.06.

Burberry Group (LON:BRBY - Get Free Report) last issued its 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, analysts anticipate that Burberry Group plc will post 32.6294821 earnings per share for the current fiscal year.

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.