Kering (OTCMKTS:PPRUY) Rating Lowered to Hold at Zacks Investment Research

Kering (OTCMKTS:PPRUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, reports.

According to Zacks, “Kering is involved in the design, manufacture and distribution of apparel and accessories. It operates through two segments: Luxury segment and Sport and Lifestyle segment. The company’s product include handbags, small leather goods, luggage, shoes, men and women’s ready-to-wear, silks, watches, fine jewellery, eyewear, lingerie, fragrances and cosmetics, furniture, kids wear, T-shirts, track jackets, bags, board shorts, polo shirts, denim, swim, outerwear, and sandals; footwear; sunglasses, snow goggles, backpacks, luggage, and accessories. Its brand name consists of Puma, Volcom, Cobra, Electric, Tretorn, Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, Qeelin, Stella McCartney, Sergio Rossi, Boucheron, Girard-Perregaux, and JeanRichard. Kering is headquartered in Paris, France. “

Several other research analysts have also recently issued reports on PPRUY. AlphaValue cut Kering to a “buy” rating in a research report on Thursday, March 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a research report on Wednesday, April 21st. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Kering in a research report on Thursday, May 27th. Sanford C. Bernstein raised Kering from a “market perform” rating to an “outperform” rating in a research report on Friday, April 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Kering in a research report on Wednesday, April 21st. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Kering has a consensus rating of “Buy” and an average target price of $102.00.

PPRUY opened at $90.03 on Wednesday. Kering has a 12 month low of $53.39 and a 12 month high of $92.34. The firm has a market cap of $112.55 billion, a PE ratio of 50.02 and a beta of 0.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.34 and a quick ratio of 0.92. The business’s fifty day moving average is $82.49.

Kering Company Profile

Kering SA develops, designs, manufactures, markets, and sells apparel and accessories. The company offers shoes; leather goods, including handbags and wallets, purses, and other leather products; eyewear, textile accessories, etc.; and jewelry and watches, as well as ready-to-wear products for men and women.

Further Reading: Gross Domestic Product (GDP)

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