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

Burberry Group plc (LON:BRBYGet Free Report)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 936.23 ($12.69) and traded as high as GBX 1,098 ($14.88). Burberry Group shares last traded at GBX 1,076 ($14.58), with a volume of 818,826 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reduced their target price on shares of Burberry Group from GBX 1,300 ($17.62) to GBX 1,200 ($16.26) and set an “outperform” rating on the stock in a report on Friday, March 28th.

Read Our Latest Research Report on Burberry Group

Burberry Group Stock Performance

The company has a fifty day moving average of GBX 820.11 and a two-hundred day moving average of GBX 936.23. The stock has a market capitalization of £3.85 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63.

Burberry Group (LON:BRBYGet Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported GBX (14.80) (($0.20)) earnings per share (EPS) for the quarter. Burberry Group had a return on equity of 23.93% and a net margin of 9.10%. On average, equities analysts anticipate that Burberry Group plc will post 32.6294821 EPS for the current year.

Burberry Group Company Profile

(Get Free Report)

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.

Further Reading

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