Burberry Group (OTCMKTS:BURBY) Shares Gap Up - Here's What Happened

Key Points

• Burberry Group's stock price rose significantly, opening at $15.74 after closing at $15.13, and last traded at $15.82 with a volume of 2,096 shares.
• Multiple research firms have upgraded Burberry Group's rating, with UBS and Citigroup moving it to a "strong-buy", while the average rating for the stock now stands at "Buy".
• The company's 50-day moving average is $16.16, indicating potential for further price movement as the market adjusts to the recent upgrades.

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $15.13, but opened at $15.74. Burberry Group shares last traded at $15.82, with a volume of 2,096 shares trading hands.

Analyst Ratings Changes

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

Burberry Group Trading Up 4.3%

The firm's 50-day simple moving average is $16.16 and its two-hundred day simple moving average is $13.39. 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

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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