Burberry Group (OTCMKTS:BURBY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Burberry Group (OTCMKTS:BURBY) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Separately, Barclays raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Burberry Group currently has a consensus rating of “Buy”.

Burberry Group Stock Up 0.2%

Shares of BURBY opened at $16.59 on Tuesday. The firm’s fifty day simple moving average is $14.96 and its two-hundred day simple moving average is $15.91. Burberry Group has a 12 month low of $10.00 and a 12 month high of $18.55.

Burberry Group Company Profile

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.