Burberry Group (OTCMKTS:BURBY) Shares Gap Up – Time to Buy?

Burberry Group PLC (OTCMKTS:BURBY) shares gapped up prior to trading on Monday . The stock had previously closed at $13.78, but opened at $14.54. Burberry Group shares last traded at $14.54, with a volume of 301 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Burberry Group Stock Performance

The company has a fifty day simple moving average of $14.92 and a 200 day simple moving average of $15.36. The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.06.

About Burberry Group

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.