Burberry Group (OTCMKTS:BURBY) Stock Passes Below Fifty Day Moving Average – What’s Next?

Burberry Group PLC (OTCMKTS:BURBY)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.75 and traded as low as $15.48. Burberry Group shares last traded at $15.88, with a volume of 36,309 shares trading hands.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Five analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Burberry Group Stock Up 0.1%

The firm has a fifty day moving average of $16.75 and a two-hundred day moving average of $16.31.

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.