Burberry Group (LON:BRBY) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Burberry Group plc's stock has risen above its 200-day moving average of GBX 1,015.26, currently trading at GBX 1,210.59.
• Analyst ratings are mixed, with a consensus of "Hold" and a price target averaging GBX 1,266.67, while Citigroup raised its target to GBX 1,600 with a "buy" rating.
• Insider transactions show notable activity, with two insiders purchasing shares at prices averaging GBX 1,069 to 1,100, indicating potential confidence in the company's prospects.

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 1,015.26 ($13.72) and traded as high as GBX 1,211.50 ($16.38). Burberry Group shares last traded at GBX 1,210.59 ($16.36), with a volume of 1,271,617 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BRBY shares. Citigroup boosted their price target on shares of Burberry Group from GBX 1,250 to GBX 1,600 and gave the company a "buy" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 1,000 target price on shares of Burberry Group in a research note on Monday, July 21st. Two 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of GBX 1,266.67.

Burberry Group Trading Up 2.9%

The company's 50-day moving average is GBX 1,202.81 and its 200-day moving average is GBX 1,012.39. The firm has a market cap of £4.37 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.66 and a beta of 1.06. 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

In other news, insider Joshua Schulman acquired 29,744 shares of the company's stock in a transaction on Friday, June 27th. The stock was purchased at an average cost of GBX 1,069 per share, with a total value of £317,963.36. Also, insider Kate Ferry purchased 3,228 shares of the stock in a transaction dated Friday, June 27th. The stock was bought at an average cost of GBX 1,100 per share, with a total value of £35,508. 0.70% of the stock is owned by corporate 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.