Burberry Group PLC (OTCMKTS:BURBY – Get Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.98 and traded as high as $16.43. Burberry Group shares last traded at $16.26, with a volume of 17,039 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank upgraded Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Burberry Group presently has an average rating of “Buy”.
View Our Latest Stock Report on Burberry Group
Burberry Group Trading Down 2.2%
Burberry Group Company Profile
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.
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