Burberry Group (OTCMKTS:BURBY) Shares Gap Up - Still a Buy?

Key Points

• Burberry Group PLC shares opened at $15.39 after closing at $14.69, with recent trading showing a volume of 5,202 shares.
• Analysts have updated their ratings on Burberry, with Barclays changing its stance from "strong sell" to "hold" and an average rating of "Buy" from multiple analysts.
• Burberry Group operates in luxury goods across various segments, including womenswear, menswear, and accessories, highlighting its diverse product offering.

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $14.69, but opened at $15.39. Burberry Group shares last traded at $15.34, with a volume of 5,202 shares.

Analyst Ratings Changes

Separately, Barclays upgraded Burberry Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 27th. Five analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Burberry Group currently has a consensus rating of "Strong Buy".

Burberry Group Trading Down 1.4%

The business has a fifty day moving average price of $16.59 and a 200 day moving average price of $13.73. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.44.

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.