Burberry Group (LON:BRBY) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Burberry Group plc (LON:BRBY) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,128.54 and traded as high as GBX 1,219. Burberry Group shares last traded at GBX 1,189.46, with a volume of 853,337 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BRBY shares. UBS Group reissued a “buy” rating and set a GBX 1,410 target price on shares of Burberry Group in a research note on Monday, May 11th. Citigroup cut their price target on shares of Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating on the stock in a report on Monday, June 1st. Jefferies Financial Group reissued an “underperform” rating and set a GBX 940 price objective on shares of Burberry Group in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price objective on shares of Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,480 price objective on shares of Burberry Group in a report on Monday, May 18th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,322.22.

Burberry Group Price Performance

The stock has a market cap of £4.42 billion, a PE ratio of 208.51, a P/E/G ratio of 1.66 and a beta of 0.70. The business has a fifty day simple moving average of GBX 1,113.98 and a two-hundred day simple moving average of GBX 1,127.92. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02.

Burberry Group (LON:BRBY) last released its earnings results on Thursday, May 14th. The company reported GBX 15.20 EPS for the quarter. Burberry Group had a return on equity of 2.29% and a net margin of 0.87%.The company had revenue of GBX 242 billion during the quarter. Research analysts forecast that Burberry Group plc will post 32.6294821 earnings per share for the current year.

Insider Transactions at Burberry Group

In other news, insider Kate Ferry acquired 32,026 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of GBX 1,089 per share, for a total transaction of £348,763.14. Company insiders own 0.63% 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.