Burberry Group PLC (OTCMKTS:BURBY – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 225,329 shares were traded during mid-day 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.
Analysts Set New Price Targets
Separately, Berenberg Bank raised Burberry Group to a “hold” rating in a report 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 company’s stock. According to MarketBeat, Burberry Group currently has an average rating of “Buy”.
Check Out Our Latest Analysis on Burberry Group
Burberry Group Stock Up 1.4%
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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