Burberry Group (LON:BRBY) Stock Price Passes Above 200-Day Moving Average - Here's Why

Burberry Group plc (LON:BRBY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 918.42 ($12.41) and traded as high as GBX 1,005 ($13.58). Burberry Group shares last traded at GBX 976.80 ($13.20), with a volume of 1,365,144 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada dropped their price target on Burberry Group from GBX 1,300 ($17.57) to GBX 1,200 ($16.22) and set an "outperform" rating on the stock in a research note on Friday, March 28th.

Burberry Group Stock Down 0.8%

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 business has a 50-day moving average price of GBX 774.89 and a 200-day moving average price of GBX 921.82. The firm has a market capitalization of £3.59 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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

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.