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

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 978.20 ($13.12) and traded as high as GBX 1,281 ($17.18). Burberry Group shares last traded at GBX 1,261.13 ($16.92), with a volume of 1,320,798 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reduced their price objective on Burberry Group from GBX 1,300 ($17.44) to GBX 1,200 ($16.10) and set an "outperform" rating on the stock in a research report on Friday, March 28th.

Burberry Group Price Performance

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 stock has a market capitalization of £4.71 billion, a PE ratio of 17.45, a PEG ratio of 1.66 and a beta of 1.06. The firm's 50-day moving average price is GBX 1,089.84 and its 200-day moving average price is GBX 980.55.

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)) EPS for the quarter. Burberry Group had a return on equity of 23.93% and a net margin of 9.10%. On average, equities analysts forecast that Burberry Group plc will post 32.6294821 EPS for the current fiscal year.

Insider Buying and Selling at Burberry Group

In other news, insider Joshua Schulman bought 29,744 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were acquired at an average cost of GBX 1,069 ($14.34) per share, for a total transaction of £317,963.36 ($426,510.21). Also, insider Kate Ferry acquired 3,228 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were purchased at an average cost of GBX 1,100 ($14.76) per share, with a total value of £35,508 ($47,629.78). Company insiders own 0.70% of the company's stock.

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.