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 report published on Wednesday morning, MarketBeat reports.

BURBY has been the subject of several other research reports. Sanford C. Bernstein raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Citigroup upgraded shares of Burberry Group to a “hold” rating in a research report on Tuesday, October 1st. Finally, Jefferies Financial Group lowered Burberry Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th.

Burberry Group Stock Performance

BURBY opened at $10.50 on Wednesday. The company has a fifty day moving average price of $8.83 and a two-hundred day moving average price of $10.84. Burberry Group has a 52 week low of $7.38 and a 52 week high of $21.67. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.26.

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.