Burberry Group PLC (OTCMKTS:BURBY – Get Free Report)’s share price was up 7.3% during mid-day trading on Tuesday . The stock traded as high as $15.40 and last traded at $15.32. 29,390 shares changed hands during trading, a decline of 49% from the average session volume of 57,522 shares. The stock had previously closed at $14.28.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank upgraded shares of Burberry Group to a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.
View Our Latest Research Report on Burberry Group
Burberry Group Stock Up 1.6%
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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