Barclays upgraded shares of Burberry Group (OTCMKTS:BURBY – Free Report) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks.com reports.
Burberry Group Stock Performance
Shares of Burberry Group stock traded down $0.94 during trading hours on Tuesday, hitting $15.36. The company’s stock had a trading volume of 351,784 shares, compared to its average volume of 73,685. The firm has a fifty day moving average of $16.72 and a 200-day moving average of $16.51. Burberry Group has a twelve month low of $8.00 and a twelve month high of $18.55.
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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