Burberry Group PLC (OTCMKTS:BURBY – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 101,898 shares traded hands during trading, an increase of 87% from the previous session’s volume of 54,360 shares.The stock last traded at $15.98 and had previously closed at $16.63.
Analysts Set New Price Targets
A number of research analysts have weighed in on BURBY shares. Barclays upgraded Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Berenberg Bank upgraded Burberry Group to a “hold” rating in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.
Get Our Latest Research Report on BURBY
Burberry Group Trading Up 0.5%
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.
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