Burberry Group (LON:BRBY) Stock Price Passes Above 200-Day Moving Average of $2,044.79

Shares of Burberry Group plc (LON:BRBYGet Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,044.79 ($24.67) and traded as high as GBX 2,528.91 ($30.52). Burberry Group shares last traded at GBX 2,500 ($30.17), with a volume of 1,028,578 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BRBY shares. Royal Bank of Canada boosted their price objective on shares of Burberry Group from GBX 2,040 ($24.62) to GBX 2,200 ($26.55) and gave the stock a “sector perform” rating in a research report on Tuesday, January 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Burberry Group from GBX 1,950 ($23.53) to GBX 2,200 ($26.55) and gave the company a “hold” rating in a research report on Friday, November 18th. Finally, Barclays reiterated an “equal weight” rating and set a GBX 2,050 ($24.74) target price on shares of Burberry Group in a research report on Wednesday, February 22nd. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Burberry Group currently has an average rating of “Hold” and an average target price of GBX 2,036 ($24.57).

Burberry Group Trading Up 1.4 %

The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 98.82. The stock has a market capitalization of £9.49 billion, a P/E ratio of 2,232.14, a P/E/G ratio of 2.28 and a beta of 1.16. The business has a 50-day moving average price of GBX 2,323.12 and a two-hundred day moving average price of GBX 2,044.79.

Insider Activity

In other Burberry Group news, insider Debra L. Lee purchased 505 shares of the firm’s stock in a transaction that occurred on Tuesday, January 24th. The stock was bought at an average cost of GBX 2,374 ($28.65) per share, with a total value of £11,988.70 ($14,466.88). Insiders own 0.25% of the company’s stock.

Burberry Group Company Profile

(Get Rating)

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.

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