Burberry Group (OTCMKTS:BURBY) Shares Gap Up – Here’s Why

Burberry Group PLC (OTCMKTS:BURBYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $13.78, but opened at $14.54. Burberry Group shares last traded at $14.54, with a volume of 301 shares trading hands.

Wall Street Analyst Weigh In

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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Burberry Group currently has a consensus rating of “Buy”.

Read Our Latest Analysis on Burberry Group

Burberry Group Trading Up 2.2%

The company has a 50-day simple moving average of $14.92 and a two-hundred day simple moving average of $15.36. The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06.

About Burberry Group

(Get Free Report)

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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