Burberry Group PLC (OTCMKTS:BURBY – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $14.84, but opened at $14.09. Burberry Group shares last traded at $14.0590, with a volume of 14,644 shares changing hands.
Analysts Set New Price Targets
Several equities analysts recently issued reports on BURBY shares. Royal Bank Of Canada cut shares of Burberry Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. HSBC cut shares of Burberry Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Burberry Group has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Burberry Group
Burberry Group Trading Down 6.0%
The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $14.08 and a 200-day moving average of $14.85.
About Burberry Group
Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. Headquartered in London, the company is known for its heritage in outerwear and for its distinctive check pattern, which has become one of its most recognizable brand signatures.
Burberry designs, develops and sells luxury products including coats and jackets, ready-to-wear clothing, handbags and other leather goods, shoes, scarves, accessories, and beauty products. Its offerings are marketed under the Burberry brand through company-operated stores, digital commerce channels, wholesale partners and selected licensing arrangements.
The company serves customers internationally, with operations and sales across Europe, North America, Asia-Pacific and other global markets.
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