Burberry Group (LON:BRBY) Shares Pass Above 200-Day Moving Average - Here's Why

Key Points

• Burberry Group's stock price has recently surpassed its 200-day moving average, with a current trading price of GBX 1,117.33 ($15.23).
• Analysts have set a consensus price target of GBX 1,350, with ratings of "Buy" from three analysts and "Hold" from one.
• Insider transactions indicate confidence in the company, as insiders purchased 34,180 shares valued at nearly $36.8 million last quarter.

Shares of Burberry Group plc (LON:BRBY - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,024.23 ($13.80) and traded as high as GBX 1,130 ($15.22). Burberry Group shares last traded at GBX 1,117.33 ($15.05), with a volume of 3,957,965 shares trading hands.

Wall Street Analysts Forecast Growth

BRBY has been the topic of a number of research reports. Citigroup increased their price objective on Burberry Group from GBX 1,250 to GBX 1,600 and gave the company a "buy" rating in a report on Monday, July 28th. HSBC reaffirmed a "buy" rating and set a GBX 1,600 target price on shares of Burberry Group in a report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 1,000 target price on shares of Burberry Group in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,350.

Burberry Group Stock Performance

The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63. The firm has a fifty day simple moving average of GBX 1,227.22 and a 200 day simple moving average of GBX 1,024.19. The company has a market capitalization of £4.06 billion, a price-to-earnings ratio of -5,413.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

Insider Activity

In other news, insider Joshua Schulman bought 29,744 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were acquired at an average price of GBX 1,069 per share, for a total transaction of £317,963.36. Also, insider Orna NiChionna bought 1,208 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was purchased at an average price of GBX 1,234 per share, for a total transaction of £14,906.72. Insiders have bought a total of 34,180 shares of company stock worth $36,837,808 over the last quarter. 0.63% of the stock is currently 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.