Kering SA (OTCMKTS:PPRUY) Receives Consensus Recommendation of “Reduce” from Brokerages

Kering SA (OTCMKTS:PPRUY) has received a consensus recommendation of “Reduce” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company.

Several research analysts recently issued reports on PPRUY shares. Zacks Research lowered shares of Kering from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th. DZ Bank raised shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. HSBC lowered shares of Kering from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Citigroup reissued a “neutral” rating on shares of Kering in a research report on Tuesday, January 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Kering in a research report on Friday, February 6th.

Kering Stock Performance

OTCMKTS PPRUY opened at $28.99 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66. The firm has a 50-day simple moving average of $29.64 and a 200 day simple moving average of $32.89. Kering has a twelve month low of $19.23 and a twelve month 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.