Kering (OTCMKTS:PPRUY) Stock Rating Upgraded by Zacks Research

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

PPRUY has been the subject of a number of other reports. Barclays raised shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. HSBC upgraded Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kering currently has a consensus rating of “Hold”.

Kering Trading Down 0.8%

Shares of PPRUY stock opened at $31.30 on Wednesday. The firm has a 50-day moving average of $30.05 and a 200-day moving average of $30.04. 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 one year low of $24.43 and a one year high of $40.70.

About Kering

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.