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Burberry Group (OTCMKTS:BURBY) Sets New 1-Year High - Here's Why

Burberry Group logo with Retail/Wholesale background

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as $15.50 and last traded at $15.50, with a volume of 12802 shares changing hands. The stock had previously closed at $14.80.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BURBY shares. BNP Paribas upgraded shares of Burberry Group to a "strong-buy" rating in a research note on Tuesday, March 11th. 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 report on Thursday, May 15th. Finally, Citigroup raised Burberry Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Check Out Our Latest Stock Analysis on BURBY

Burberry Group Stock Performance

The stock has a fifty day moving average of $12.42 and a 200-day moving average of $12.26. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.44.

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.

Further Reading

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