Kering SA (OTCMKTS:PPRUY) Receives Average Rating of “Hold” from Brokerages

Shares of Kering SA (OTCMKTS:PPRUY) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company.

A number of brokerages recently issued reports on PPRUY. Zacks Research upgraded Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Barclays upgraded Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. TD Cowen restated a “buy” rating on shares of Kering in a report on Thursday, April 9th. HSBC cut Kering from a “buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Sanford C. Bernstein upgraded Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th.

Kering Stock Down 1.4%

Shares of PPRUY stock opened at $29.90 on Tuesday. Kering has a 1 year low of $21.56 and a 1 year high of $40.70. The business’s fifty day moving average is $28.97 and its 200-day moving average is $31.23. The company has a current ratio of 1.39, a quick ratio of 0.92 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.