Burberry Group PLC (OTCMKTS:BURBY – Get Free Report) saw strong trading volume on Monday . 101,898 shares were traded during mid-day trading, an increase of 87% from the previous session’s volume of 54,360 shares.The stock last traded at $15.98 and had previously closed at $16.63.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Berenberg Bank upgraded Burberry Group to a “hold” rating in a report on Tuesday, May 5th. Barclays raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.
Check Out Our Latest Analysis on Burberry Group
Burberry Group Stock Down 3.4%
About Burberry Group
Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.
Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.
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