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

Shares of Burberry Group plc (LON:BRBY) 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 changing hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price target 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 Price Performance

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

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.