Burberry Group (LON:BRBY) Share Price Breaks Above Two Hundred Day Moving Average – What’s Next?

Burberry Group plc (LON:BRBY) passed 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 changing hands.

Wall Street Analysts Forecast Growth

BRBY has been the topic of a number of research reports. Citigroup reduced their price objective on Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Royal Bank Of Canada downgraded shares of Burberry Group to a “sector perform” rating and lowered their price objective for the stock from GBX 1,400 to GBX 1,200 in a report on Tuesday, September 22nd. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 1,080 target price on shares of Burberry Group in a research note on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 1,256.25.

Burberry Group Stock Down 3.2%

The company’s 50-day moving average is GBX 1,050.40 and its two-hundred day moving average is GBX 1,101.13. The company has a market cap of £3.77 billion, a P/E ratio of 178.31, a P/E/G ratio of 1.66 and a beta of 0.70. The company has a debt-to-equity ratio of 162.02, a current ratio of 1.87 and a quick ratio of 1.63.

Insider Buying and Selling at Burberry Group

In other news, insider Kate Ferry sold 18,479 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of GBX 1,090, for a total transaction of £201,421.10. Insiders own 0.65% of the company’s stock.

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.