Kering (OTCMKTS:PPRUY) Coverage Initiated by Analysts at TD Cowen

TD Cowen started coverage on shares of Kering (OTCMKTS:PPRUY) in a report released on Friday,Zacks reports. The brokerage issued a hold rating on the stock.

A number of other brokerages also recently weighed in on PPRUY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Zacks Research raised shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. HSBC upgraded shares of Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group started coverage on Kering in a research note on Sunday, October 4th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kering in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Kering Stock Down 0.2%

PPRUY stock opened at $19.72 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.05 and a quick ratio of 1.57. Kering has a 12 month low of $19.53 and a 12 month high of $37.68. The company’s 50-day moving average price is $25.41 and its two-hundred day moving average price is $29.01.

About Kering

Kering is a France-based global luxury goods group that develops, manages and distributes fashion, leather goods, jewelry, watches, eyewear and beauty products through a portfolio of luxury houses. Its brands serve customers through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels across major markets worldwide, including Europe, North America and Asia-Pacific.

The group’s principal houses include Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735.