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

Shares of Burberry Group PLC (OTCMKTS:BURBYGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $13.62, but opened at $14.51. Burberry Group shares last traded at $14.49, with a volume of 1,865 shares.

Analysts Set New Price Targets

Separately, Barclays raised Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Three analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Burberry Group has an average rating of “Strong Buy”.

Check Out Our Latest Analysis on BURBY

Burberry Group Trading Down 0.3%

The company’s fifty day moving average price is $15.14 and its 200-day moving average price is $15.95.

Burberry Group Company Profile

(Get Free Report)

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.

Further Reading

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