Royal Bank of Canada Upgrades Burberry Group (OTCMKTS:BURBY) to “Outperform”

Royal Bank of Canada upgraded shares of Burberry Group (OTCMKTS:BURBY) from a sector perform rating to an outperform rating in a research report report published on Wednesday, MarketBeat reports.

Several other analysts have also recently weighed in on the stock. Jefferies Financial Group cut shares of Burberry Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th. Citigroup upgraded Burberry Group to a “hold” rating in a research note on Tuesday, October 1st. Finally, Sanford C. Bernstein raised Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th.

Burberry Group Stock Down 0.8 %

BURBY opened at $10.50 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.07 and a current ratio of 1.66. The business has a fifty day simple moving average of $8.83 and a 200 day simple moving average of $10.84. Burberry Group has a 1 year low of $7.38 and a 1 year high of $21.67.

About Burberry Group

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.