Kering (OTCMKTS:PPRUY) Upgraded by Zacks Research to Hold Rating

Kering (OTCMKTS:PPRUY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the company. Sanford C. Bernstein raised Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. DZ Bank raised Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. TD Cowen reissued a “buy” rating on shares of Kering in a report on Thursday, April 9th. Barclays raised Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Finally, HSBC cut Kering from a “buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Kering Trading Up 0.7%

Shares of PPRUY opened at $28.07 on Monday. The stock has a 50 day moving average of $28.92 and a 200-day moving average of $32.08. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66. Kering has a 52 week low of $19.24 and a 52 week high of $40.70.

Kering Company Profile

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.