Burberry Group (OTCMKTS:BURBY) Raised to “Hold” at Berenberg Bank

Burberry Group (OTCMKTS:BURBY) was upgraded by stock analysts at Berenberg Bank to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Barclays upgraded shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Burberry Group Trading Up 0.2%

OTCMKTS:BURBY opened at $16.59 on Tuesday. The company has a fifty day moving average of $14.96 and a 200 day moving average of $15.91. Burberry Group has a 52 week low of $10.00 and a 52 week high of $18.55.

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.