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

Shares of Burberry Group PLC (OTCMKTS:BURBY) gapped up before the market opened on Thursday. The stock had previously closed at $14.90, but opened at $15.48. Burberry Group shares last traded at $15.48, with a volume of 2,648 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. HSBC cut shares of Burberry Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. Royal Bank Of Canada lowered shares of Burberry Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Burberry Group Stock Up 6.9%

The firm has a fifty day moving average price of $14.05 and a 200 day moving average price of $14.86. The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is known for its outerwear, including trench coats, and for its distinctive check pattern and gabardine fabric. Burberry designs and sells clothing, bags, shoes, accessories and other luxury goods under the Burberry name. Its products reach customers worldwide through its stores, e-commerce business and wholesale partners. Headquartered in London, Burberry serves markets across the Americas, Europe, the Middle East, Africa and Asia-Pacific.