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Burberry Group (OTCMKTS:BURBY) Reaches New 52-Week High - Here's What Happened

Burberry Group logo with Retail/Wholesale background

Shares of Burberry Group PLC (OTCMKTS:BURBY - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $18.55 and last traded at $18.50, with a volume of 143638 shares trading hands. The stock had previously closed at $18.11.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BURBY shares. Barclays upgraded shares of Burberry Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 27th. UBS Group upgraded shares of Burberry Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Finally, Citigroup upgraded Burberry Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy".

View Our Latest Report on BURBY

Burberry Group Price Performance

The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.44. The firm's 50 day moving average is $15.12 and its 200-day moving average is $12.89.

Burberry Group Company Profile

(Get Free Report)

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.

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