Barclays Upgrades Kering (OTCMKTS:PPRUY) to Hold

Kering (OTCMKTS:PPRUY) was upgraded by investment analysts at Barclays from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. DZ Bank upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. HSBC lowered shares of Kering from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. TD Cowen reiterated a “buy” rating on shares of Kering in a research report on Thursday, April 9th. Morgan Stanley reiterated an “overweight” rating on shares of Kering in a research report on Friday, February 6th. Finally, Sanford C. Bernstein upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Kering Stock Performance

OTCMKTS PPRUY opened at $28.10 on Monday. Kering has a 52-week low of $19.23 and a 52-week high of $40.70. The company has a 50-day simple moving average of $29.31 and a 200 day simple moving average of $32.69. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.

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.