Burberry Group (OTCMKTS:BURBY) Downgraded by Royal Bank Of Canada to Hold

Royal Bank Of Canada downgraded shares of Burberry Group (OTCMKTS:BURBY) from a moderate buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks reports.

Separately, HSBC cut Burberry Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Burberry Group presently has a consensus rating of “Moderate Buy”.

Burberry Group Trading Up 0.1%

Burberry Group stock opened at $13.76 on Tuesday. The business has a 50 day moving average price of $14.67 and a two-hundred day moving average price of $14.89. The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.06. Burberry Group has a 12 month low of $13.16 and a 12 month high of $18.55.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is best known for its outerwear, particularly the Burberry trench coat, and for its distinctive check pattern. Burberry designs, develops and sells luxury apparel, accessories and leather goods, along with footwear, scarves and other fashion products.

Burberry distributes its products through directly operated stores, its e-commerce platform and selected wholesale partners. The company also offers fragrances and beauty products through licensing and commercial partnerships.