Kering (OTCMKTS:PPRUY) Shares Gap Up – Still a Buy?

Kering SA (OTCMKTS:PPRUY) gapped up before the market opened on Monday . The stock had previously closed at $26.71, but opened at $28.38. Kering shares last traded at $28.3960, with a volume of 9,896 shares traded.

Wall Street Analysts Forecast Growth

PPRUY has been the subject of a number of recent analyst reports. Sanford C. Bernstein upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Zacks Research cut shares of Kering from a “hold” rating to a “strong sell” rating in a report on Thursday. DZ Bank upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Morgan Stanley reiterated an “overweight” rating on shares of Kering in a report on Friday, February 6th. Finally, Citigroup reissued a “neutral” rating on shares of Kering in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Kering Price Performance

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 firm has a fifty day simple moving average of $31.83 and a 200-day simple moving average of $33.59.

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.