Burberry Group (LON:BRBY) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Burberry Group plc (LON:BRBY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 967.32 ($13.15) and traded as high as GBX 1,242.50 ($16.89). Burberry Group shares last traded at GBX 1,204 ($16.36), with a volume of 2,004,892 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reduced their price target on shares of Burberry Group from GBX 1,300 ($17.67) to GBX 1,200 ($16.31) and set an "outperform" rating for the company in a research report on Friday, March 28th.

Burberry Group Trading Up 0.5%

The firm has a market cap of £4.32 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.66 and a beta of 1.06. The business has a fifty day moving average of GBX 1,019.41 and a two-hundred day moving average of GBX 967.32. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66.

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

Insider Transactions at Burberry Group

In related news, insider Joshua Schulman purchased 29,744 shares of Burberry Group stock in a transaction that occurred on Friday, June 27th. The shares were purchased at an average cost of GBX 1,069 ($14.53) per share, with a total value of £317,963.36 ($432,132.86). Also, insider Kate Ferry bought 3,228 shares of Burberry Group stock in a transaction dated Friday, June 27th. The shares were purchased at an average cost of GBX 1,100 ($14.95) per share, for a total transaction of £35,508 ($48,257.68). 0.70% of the stock is currently 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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