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

Burberry Group logo with Retail/Wholesale background

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report) shares gapped down before the market opened 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 trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BURBY. UBS Group upgraded shares of Burberry Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 15th. BNP Paribas upgraded shares of Burberry Group to a "strong-buy" rating in a report on Tuesday, March 11th. Barclays upgraded shares of Burberry Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, Citigroup upgraded shares of Burberry Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, Burberry Group currently has a consensus rating of "Buy".

Get Our Latest Stock Report on BURBY

Burberry Group Price Performance

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

About Burberry Group

(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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