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

Zacks Research lowered shares of Kering (OTCMKTS:PPRUY) from a hold rating to a strong sell rating in a report released on Thursday,Zacks.com reports.

Several other brokerages have also commented on PPRUY. Sanford C. Bernstein upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Citigroup reissued a “neutral” rating on shares of Kering in a report on Tuesday, January 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Kering in a report on Friday, February 6th. Finally, DZ Bank upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Kering Stock Performance

Shares of PPRUY stock opened at $26.71 on Thursday. Kering has a one year low of $17.02 and a one year high of $40.70. The company’s 50-day simple moving average is $31.83 and its 200-day simple moving average is $33.50. The company has a quick ratio of 0.92, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

Kering Company Profile

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.