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

Burberry Group PLC (OTCMKTS:BURBY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $14.90, but opened at $15.48. Burberry Group shares last traded at $15.48, with a volume of 2,648 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BURBY. Royal Bank Of Canada downgraded 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 report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Burberry Group currently has an average rating of “Moderate Buy”.

Burberry Group Trading Up 6.9%

The stock has a fifty day moving average price of $14.05 and a 200-day moving average price of $14.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.09 and a quick ratio of 0.80.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is known for its outerwear, including trench coats, and for its distinctive check pattern and gabardine fabric. Burberry designs and sells clothing, bags, shoes, accessories and other luxury goods under the Burberry name. Its products reach customers worldwide through its stores, e-commerce business and wholesale partners. Headquartered in London, Burberry serves markets across the Americas, Europe, the Middle East, Africa and Asia-Pacific.