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Burberry Group (OTCMKTS:BURBY) Shares Gap Down - Here's Why

Burberry Group logo with Retail/Wholesale background

Shares of Burberry Group PLC (OTCMKTS:BURBY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $16.75, but opened at $16.30. Burberry Group shares last traded at $16.26, with a volume of 1,532 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays raised shares of Burberry Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 27th. UBS Group raised 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Burberry Group has a consensus rating of "Buy".

Check Out Our Latest Report on BURBY

Burberry Group Stock Performance

The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.44. The company's fifty day moving average is $13.74 and its 200 day moving average is $12.54.

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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