Burberry Group (OTCMKTS:BURBY) Upgraded to "Strong-Buy" at Citigroup

Burberry Group (OTCMKTS:BURBY - Get Free Report) was upgraded by equities researchers at Citigroup from a "hold" rating to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on BURBY. BNP Paribas upgraded shares of Burberry Group to a "strong-buy" rating in a research report on Tuesday, March 11th. Kepler Capital Markets raised Burberry Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".

Burberry Group Stock Performance

Shares of OTCMKTS BURBY traded down $0.10 during midday trading on Thursday, hitting $9.64. The stock had a trading volume of 76,972 shares, compared to its average volume of 89,620. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.77 and a current ratio of 1.29. The stock has a 50 day simple moving average of $10.44 and a 200-day simple moving average of $11.56. Burberry Group has a 1 year low of $7.38 and a 1 year high of $15.49.

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.