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

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $13.79, but opened at $14.42. Burberry Group shares last traded at $14.40, with a volume of 1,846 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on BURBY. Barclays raised shares of Burberry Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 27th. UBS Group raised shares of Burberry Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 15th. BNP Paribas upgraded Burberry Group to a "strong-buy" rating in a research note on Tuesday, March 11th. Kepler Capital Markets raised Burberry Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 26th. Finally, Citigroup raised shares of Burberry Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, Burberry Group has an average rating of "Buy".

Burberry Group Price Performance

The business's 50-day simple moving average is $12.18 and its two-hundred day simple moving average is $12.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 0.88.

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.