Kering (OTCMKTS:PPRUY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Kering (OTCMKTS:PPRUY) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

A number of other brokerages have also issued reports on PPRUY. HSBC upgraded shares of Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Kering 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, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kering in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Kering Price Performance

Kering stock opened at $31.30 on Wednesday. Kering has a 52 week low of $24.43 and a 52 week high of $40.70. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $30.05 and a 200-day moving average of $30.04.

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.