HSBC downgraded shares of Burberry Group (OTCMKTS:BURBY – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday,Zacks reports.
Burberry Group Stock Down 3.3%
OTCMKTS:BURBY opened at $14.01 on Wednesday. Burberry Group has a fifty-two week low of $13.30 and a fifty-two week high of $18.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.09. The company’s 50-day simple moving average is $14.84 and its 200-day simple moving average is $15.02.
About Burberry Group
Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.
Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.
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