Burberry Group plc (OTCMKTS:BURBY – Get Rating) saw a significant surge in short interest in May. On May 15th, there was short interest totaling 39,800 shares, up 650.9% from the April 30th total of 5,300 shares. Based on an average daily volume of 125,100 shares, the days-to-cover ratio is currently 0.3 days.
BURBY has been the subject of a number of recent research reports. UBS Group lowered its target price on Burberry Group to GBX 1,836 ($23.10) from GBX 1,882 ($23.68) in a report on Monday, April 4. Morgan Stanley lowered its price target on the Burberry Group to GBX 1,850 ($23.28) from GBX 2,000 ($25.17) in a report on Tuesday, April 12. Deutsche Bank Aktiengesellschaft lowered its target price on the Burberry Group to GBX 1,950 ($24.54) from GBX 2,280 ($28.69) in a report Monday. Finally, Zacks Investment Research downgraded Burberry Group from a “hold” rating to a “sell” rating in a report Thursday, April 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Burberry Group currently has a consensus rating of “Hold” and an average target price of $1,328.86.
Shares of OTCMKTS BURBY fell $0.38 during midday trade on Wednesday to hit $19.92. The company had a trading volume of 54,081 shares compared to its average volume of 63,386. Burberry Group has a 1-year low of $18.18 and a 1-year high of $32.17. The company has a gearing ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.03. The stock’s 50-day moving average price is $20.64 and its 200-day moving average price is $23.24.
Company profile of the Burberry group (received rating)
Burberry Group plc, together with its subsidiaries, manufactures, retails and wholesales luxury goods under the Burberry brand. The Company operates through two segments, Retail/Wholesale and Licensing. It offers women’s, men’s and children’s clothing and accessories. The Company also licenses third parties to manufacture and distribute products using the Burberry brands.
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