Burberry Group (OTCMKTS:BURBY) Sees Large Volume Increase – Still a Buy?

Burberry Group PLC (OTCMKTS:BURBYGet Free Report) shares saw an uptick in trading volume on Monday . 225,329 shares traded hands during trading, an increase of 265% from the previous session’s volume of 61,799 shares.The stock last traded at $14.96 and had previously closed at $14.72.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised Burberry Group to a “hold” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Burberry Group has a consensus rating of “Buy”.

Get Our Latest Research Report on BURBY

Burberry Group Price Performance

The stock’s 50-day moving average price is $15.46 and its 200-day moving average price is $15.78.

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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