Kering (OTCMKTS:PPRUY) Downgraded by Zacks Research to “Strong Sell”

Kering (OTCMKTS:PPRUY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on PPRUY. HSBC downgraded Kering from a “buy” rating to a “hold” rating in a report on Tuesday, April 21st. TD Cowen reaffirmed a “buy” rating on shares of Kering in a research report on Thursday, April 9th. Finally, Barclays upgraded Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Kering has a consensus rating of “Hold”.

Kering Stock Performance

Shares of PPRUY stock opened at $28.82 on Tuesday. The company’s fifty day simple moving average is $29.03 and its 200-day simple moving average is $30.63. Kering has a 52 week low of $22.17 and a 52 week high of $40.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 0.92.

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.