Kering SA (OTCMKTS:PPRUY) Given Consensus Recommendation of “Reduce” by Analysts

Kering SA (OTCMKTS:PPRUY) has been given an average rating of “Reduce” by the eight analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company.

PPRUY has been the subject of several analyst reports. Citigroup reiterated a “neutral” rating on shares of Kering in a research note on Tuesday, January 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Kering in a research report on Friday, February 6th. Finally, DZ Bank raised Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th.

Kering Stock Down 6.8%

PPRUY opened at $29.96 on Wednesday. Kering has a fifty-two week low of $17.02 and a fifty-two week high of $40.70. The company’s 50-day moving average is $33.59 and its 200 day moving average is $33.34. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 0.87.

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.