Kering (OTCMKTS:PPRUY) Rating Increased to Hold at DZ Bank

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

Other research analysts have also issued research reports about the stock. Citigroup reiterated a “neutral” rating on shares of Kering in a research note on Tuesday, January 13th. Sanford C. Bernstein lowered Kering from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Berenberg Bank reiterated a “sell” rating on shares of Kering in a research report on Thursday, October 16th. HSBC downgraded Kering from a “buy” rating to a “hold” rating in a research note on Friday, October 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Kering in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Kering has an average rating of “Hold”.

Kering Stock Performance

Kering stock opened at $33.68 on Wednesday. Kering has a 52 week low of $17.02 and a 52 week high of $40.70. The company’s 50-day moving average price is $34.14 and its two-hundred day moving average price is $32.48. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 0.87.

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.