Burberry Group PLC (OTCMKTS:BURBY – Get Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $14.90, but opened at $15.90. Burberry Group shares last traded at $15.79, with a volume of 1,766 shares trading hands.
Analysts Set New Price Targets
Separately, Berenberg Bank upgraded shares of Burberry Group to a “hold” rating in a research note 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.
Read Our Latest Analysis on Burberry Group
Burberry Group Price Performance
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.
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