Kering SA (OTCMKTS:PPRUY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Kering SA (OTCMKTS:PPRUY) have received a consensus rating of “Reduce” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company.

Several brokerages have recently issued reports on PPRUY. Morgan Stanley restated an “overweight” rating on shares of Kering in a research note on Friday, February 6th. Zacks Research downgraded shares of Kering from a “hold” rating to a “strong sell” rating in a 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. Citigroup restated a “neutral” rating on shares of Kering in a research note on Tuesday, January 13th. Finally, Sanford C. Bernstein raised shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th.

Kering Stock Performance

Shares of PPRUY opened at $28.58 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average of $31.53 and a two-hundred day moving average of $33.60. Kering has a one year low of $17.02 and a one year 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.