Burberry Group (LON:BRBY) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Burberry shares briefly crossed above their 200-day moving average of GBX 1,101.33, reaching GBX 1,101.50 before last trading at GBX 1,092.10.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a consensus price target of GBX 1,256.25, with ratings ranging from Buy to Sell.
• Burberry has a £3.91 billion market capitalization and trades at a high price-to-earnings ratio of 185.10; insider Kate Ferry recently sold 18,479 shares for approximately £201,421.

Burberry Group plc (LON:BRBY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 1,101.33 and traded as high as GBX 1,101.50. Burberry Group shares last traded at GBX 1,092.10, with a volume of 1,418,836 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BRBY. Berenberg Bank reissued a "hold" rating and issued a GBX 1,080 price objective on shares of Burberry Group in a research report on Thursday, July 23rd. Citigroup lowered their target price on Burberry Group from GBX 1,560 to GBX 1,510 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Jefferies Financial Group reaffirmed an "underperform" rating and set a GBX 940 target price on shares of Burberry Group in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada downgraded Burberry Group to a "sector perform" rating and reduced their price target for the company from GBX 1,400 to GBX 1,200 in a report on Tuesday, September 22nd. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 1,256.25.

Burberry Group Trading Down 0.5%

The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02. The stock has a market capitalization of £3.91 billion, a price-to-earnings ratio of 185.10, a PEG ratio of 1.66 and a beta of 0.70. The firm has a 50-day moving average of GBX 1,051.11 and a 200 day moving average of GBX 1,101.33.

Insider Activity

In other news, insider Kate Ferry sold 18,479 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of GBX 1,090, for a total transaction of £201,421.10. 0.65% of the stock is owned by corporate insiders.

About Burberry Group

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.

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