Burberry Group (OTCMKTS:BURBY) Shares Gap Up – What’s Next?

Shares of Burberry Group PLC (OTCMKTS:BURBY) gapped up before the market opened on Thursday. The stock had previously closed at $13.7770, but opened at $14.39. Burberry Group shares last traded at $14.3453, with a volume of 2,578 shares.

Wall Street Analyst Weigh In

BURBY has been the subject of several recent analyst reports. Royal Bank Of Canada lowered shares of Burberry Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 22nd. HSBC cut shares of Burberry Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Burberry Group Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.09. The company has a 50-day moving average of $14.20 and a 200 day moving average of $14.84.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is best known for its outerwear, particularly its trench coats, and for its distinctive check pattern and equestrian knight logo.

Burberry designs, manufactures, and sells luxury apparel, leather goods, accessories, footwear, and beauty products. Its offerings include coats and jackets, handbags, scarves, eyewear, jewelry, and fashion collections for women, men, and children. The company distributes its products through directly operated stores, digital commerce channels, and selected wholesale partners.

Headquartered in London, Burberry serves customers internationally through a network spanning Europe, the Americas, Asia-Pacific, and other global markets.