Burberry Group (OTCMKTS:BURBY) Rating Lowered to “Hold” at Royal Bank Of Canada

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

Separately, HSBC downgraded Burberry Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. One research 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%

OTCMKTS:BURBY opened at $13.76 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.09 and a quick ratio of 0.80. Burberry Group has a one year low of $13.16 and a one year high of $18.55. The company’s 50-day simple moving average is $14.67 and its 200 day simple moving average is $14.89.

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.