Burberry Group (LON:BRBY) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Burberry Group plc (LON:BRBY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 792.66 ($9.70) and traded as high as GBX 971.80 ($11.89). Burberry Group shares last traded at GBX 968 ($11.85), with a volume of 1,140,017 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised shares of Burberry Group to an “outperform” rating and raised their price objective for the stock from GBX 650 ($7.96) to GBX 900 ($11.02) in a research report on Thursday, November 7th.

Burberry Group Trading Up 0.7 %

The company has a 50 day simple moving average of GBX 913.30 and a 200 day simple moving average of GBX 793.67. The stock has a market capitalization of £3.45 billion, a PE ratio of 1,300.00, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70.

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.