Kering (OTCMKTS:PPRUY) Upgraded by Kepler Capital Markets to “Strong-Buy” Rating

Kepler Capital Markets upgraded shares of Kering (OTCMKTS:PPRUY) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. Berenberg Bank raised Kering to a “hold” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. cut Kering from a “neutral” rating to an “underweight” rating in a report on Monday, December 2nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Kering has a consensus rating of “Hold”.

Kering Trading Down 0.7 %

Kering stock opened at $27.97 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. Kering has a fifty-two week low of $21.69 and a fifty-two week high of $47.15. The firm has a 50 day moving average price of $25.81 and a 200 day moving average price of $25.68.

Kering Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a $0.2097 dividend. The ex-dividend date of this dividend was Monday, January 13th.

About Kering

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.