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

Burberry Group (OTCMKTS:BURBY) was downgraded by Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

Separately, HSBC downgraded shares of Burberry Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Burberry Group Price Performance

BURBY opened at $13.76 on Tuesday. The firm has a 50 day moving average price of $14.67 and a 200-day moving average price of $14.89. Burberry Group has a twelve month low of $13.16 and a twelve month high of $18.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.09 and a quick ratio of 0.80.

About Burberry Group

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.