Burberry Group (LON:BRBY) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Burberry Group's stock price has crossed above its 200-day moving average of GBX 1,017.14, reaching a peak of GBX 1,356.50 during trading.
• Analysts from Citigroup raised their target price for Burberry Group from GBX 1,250 to GBX 1,600, while Deutsche Bank reiterated a "hold" rating with a target of GBX 1,000.
• Insiders have been actively buying shares, with notable transactions by Joshua Schulman and Kate Ferry, indicating confidence in the company's future performance.

Shares of Burberry Group plc (LON:BRBY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,017.14 ($13.74) and traded as high as GBX 1,356.50 ($18.32). Burberry Group shares last traded at GBX 1,315 ($17.76), with a volume of 2,120,892 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on BRBY. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 1,000 price target on shares of Burberry Group in a research note on Monday, July 21st. Citigroup raised 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 research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Burberry Group presently has a consensus rating of "Hold" and a consensus target price of GBX 1,266.67.

Burberry Group Trading Down 2.4%

The business's 50 day moving average price is GBX 1,225.55 and its two-hundred day moving average price is GBX 1,015.73. 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 company has a market capitalization of £4.61 billion, a price-to-earnings ratio of -6,141.15, a P/E/G ratio of 1.66 and a beta of 1.06.

Insider Buying and Selling

In other Burberry Group news, insider Kate Ferry acquired 3,228 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average price of GBX 1,100 per share, for a total transaction of £35,508. Also, insider Joshua Schulman acquired 29,744 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average price of GBX 1,069 per share, with a total value of £317,963.36. 0.63% of the stock is owned by company 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.