Shares of Burberry Group PLC (OTCMKTS:BURBY – Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.82 and traded as low as $14.61. Burberry Group shares last traded at $14.65, with a volume of 19,948 shares changing hands.
Analyst Ratings Changes
Separately, Berenberg Bank upgraded 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, Burberry Group has an average rating of “Buy”.
Check Out Our Latest Stock Report on BURBY
Burberry Group Stock Up 0.7%
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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