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

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

Other analysts also recently issued research reports about the company. Jefferies Financial Group downgraded 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 upgraded Burberry Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th.

Burberry Group Stock Performance

Shares of OTCMKTS:BURBY opened at $10.36 on Wednesday. The business has a 50 day moving average price of $8.90 and a 200 day moving average price of $10.82. Burberry Group has a twelve month low of $7.38 and a twelve month high of $21.67. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.07 and a current ratio of 1.66.

Burberry Group Company Profile

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.