Kering (OTCMKTS:PPRUY) Raised to “Hold” at Zacks Research

Kering (OTCMKTS:PPRUY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

PPRUY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kering in a research report on Wednesday. HSBC upgraded Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Barclays raised Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Kering in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Kering Stock Performance

PPRUY opened at $31.30 on Wednesday. Kering has a 1-year low of $24.43 and a 1-year high of $40.70. The company’s fifty day moving average price is $30.05 and its two-hundred day moving average price is $30.04. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.

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.