Burberry Group (OTCMKTS:BURBY) Shares Gap Up – Should You Buy?

Burberry Group PLC (OTCMKTS:BURBY) shares gapped up prior to trading 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 trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BURBY shares. HSBC downgraded Burberry Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. Royal Bank Of Canada lowered Burberry Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Burberry Group presently has a consensus rating of “Moderate Buy”.

Burberry Group Trading Down 0.5%

The company’s 50-day simple moving average is $14.15 and its 200 day simple moving average is $14.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.09.

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.