Burberry Group (OTCMKTS:BURBY) Shares Gap Down – Here’s What Happened

Burberry Group PLC (OTCMKTS:BURBY)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $14.84, but opened at $14.09. Burberry Group shares last traded at $14.0590, with a volume of 14,644 shares trading hands.

Analysts Set New Price Targets

BURBY has been the topic of a number of recent analyst reports. HSBC lowered Burberry Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. Royal Bank Of Canada downgraded shares of Burberry Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Burberry Group Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.09 and a quick ratio of 0.80. The stock has a fifty day simple moving average of $14.08 and a two-hundred day simple moving average of $14.85.

About Burberry Group

Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. Headquartered in London, the company is known for its heritage in outerwear and for its distinctive check pattern, which has become one of its most recognizable brand signatures.

Burberry designs, develops and sells luxury products including coats and jackets, ready-to-wear clothing, handbags and other leather goods, shoes, scarves, accessories, and beauty products. Its offerings are marketed under the Burberry brand through company-operated stores, digital commerce channels, wholesale partners and selected licensing arrangements.

The company serves customers internationally, with operations and sales across Europe, North America, Asia-Pacific and other global markets.