Burberry Group (OTCMKTS:BURBY) Shares Up 4.1% - Here's What Happened

Key Points

• Burberry Group's stock price increased by 4.1% during mid-day trading, reaching a high of $15.99 before closing at $15.75.
• Several brokerages upgraded Burberry Group's stock rating, with Citigroup and UBS both issuing a "strong-buy" rating.
• The company's current financial ratios include a debt-to-equity ratio of 0.44, indicating a manageable level of debt relative to equity.

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report)'s stock price shot up 4.1% during mid-day trading on Tuesday . The company traded as high as $15.99 and last traded at $15.75. 27,705 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 59,212 shares. The stock had previously closed at $15.13.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BURBY. Citigroup upgraded Burberry Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 1st. UBS Group raised Burberry Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 15th. Finally, Barclays raised Burberry Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 27th. Five equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Burberry Group Trading Up 4.1%

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.88 and a current ratio of 1.18. The company has a 50 day simple moving average of $16.18 and a two-hundred day simple moving average of $13.40.

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.

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