Burberry Group (LON:BRBY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Burberry Group plc (LON:BRBY) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,225.48 and traded as high as GBX 1,327. Burberry Group shares last traded at GBX 1,311.50, with a volume of 1,304,547 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered Burberry Group to an “underweight” rating and upped their price target for the company from GBX 850 to GBX 950 in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the company a “buy” rating in a research report on Thursday, November 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a research note on Thursday, September 25th. UBS Group reissued a “buy” rating and set a GBX 1,575 price target on shares of Burberry Group in a research note on Friday, November 7th. Finally, Jefferies Financial Group lifted their target price on shares of Burberry Group from GBX 580 to GBX 680 and gave the stock an “underperform” rating in a report on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 1,336.43.

Burberry Group Stock Down 0.1%

The firm has a market cap of £4.70 billion, a P/E ratio of -182.15, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The firm’s 50 day moving average is GBX 1,231.26 and its two-hundred day moving average is GBX 1,225.48. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53.

Burberry Group (LON:BRBY) last posted its earnings results on Thursday, November 13th. The company reported GBX 0.60 earnings per share for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%. As a group, research analysts anticipate that Burberry Group plc will post 32.6294821 EPS for the current fiscal year.

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.