Burberry Group (OTCMKTS:BURBY) Shares Gap Down - What's Next?

Key Points

• Burberry Group's shares saw a significant gap down, opening at $15.50 after closing at $16.10, and trading down by 4.2% to $15.48 during the session.
• Recent analyst reports have resulted in a disparity of ratings, with Citigroup and UBS upgrading the stock to a "strong-buy", while Barclays moved from a "strong sell" to "hold".
• Burberry Group maintains a consensus rating of "Buy" among analysts, with one sell rating, one hold, one buy, and five strong buy ratings issued for the stock.

Shares of Burberry Group PLC (OTCMKTS:BURBY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $16.10, but opened at $15.50. Burberry Group shares last traded at $15.48, with a volume of 16,590 shares changing hands.

Analysts Set New Price Targets

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

Burberry Group Stock Down 1.4%

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 0.88. The company's 50-day moving average is $16.13 and its 200 day moving average is $13.38.

Burberry Group Company Profile

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.