Burberry Group (LON:BRBY) Share Price Passes Above 200-Day Moving Average – Here’s Why

Burberry Group plc (LON:BRBY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 855.77 ($10.76) and traded as high as GBX 1,098 ($13.81). Burberry Group shares last traded at GBX 1,086.01 ($13.66), with a volume of 1,800,704 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their price objective on Burberry Group from GBX 1,000 ($12.58) to GBX 1,300 ($16.35) and gave the company an “outperform” rating in a research report on Tuesday, January 28th.

Burberry Group Stock Performance

The company has a market capitalization of £3.88 billion, a PE ratio of 14.38, a PEG ratio of 1.66 and a beta of 1.06. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53. The business has a 50 day simple moving average of GBX 1,062.81 and a 200 day simple moving average of GBX 855.77.

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.