Burberry Group (LON:BRBY) Stock Breaks Below 200-Day Moving Average – Here’s What Happened

Burberry Group plc (LON:BRBY) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 1,100.72 and traded as low as GBX 994.53. Burberry Group shares last traded at GBX 1,000.50, with a volume of 1,977,649 shares trading hands.

Analyst Upgrades and Downgrades

BRBY has been the topic of a number of analyst reports. Citigroup reduced their price target 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. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,080 price objective on shares of Burberry Group in a report on Thursday, July 23rd. Jefferies Financial Group reiterated 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 lowered Burberry Group to a “sector perform” rating and reduced their target price for the stock from GBX 1,400 to GBX 1,200 in a report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 1,256.25.

Burberry Group Stock Performance

The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87. The company has a market cap of £3.64 billion, a P/E ratio of 172.12, a P/E/G ratio of 1.66 and a beta of 0.70. The stock’s fifty day moving average price is GBX 1,077.37 and its two-hundred day moving average price is GBX 1,100.45.

Insider Buying and Selling at Burberry Group

In other Burberry Group news, insider Kate Ferry sold 18,479 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of GBX 1,090, for a total value of £201,421.10. Corporate 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.