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

Kering SA (OTCMKTS:PPRUY) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company.

Several equities research analysts have recently weighed in on PPRUY shares. Morgan Stanley reiterated an “overweight” rating on shares of Kering in a research report on Friday, February 6th. DZ Bank upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Zacks Research cut Kering from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th. TD Cowen reiterated a “buy” rating on shares of Kering in a research report on Thursday, April 9th. Finally, HSBC cut Kering from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st.

Kering Stock Down 3.1%

Shares of PPRUY opened at $27.38 on Monday. The business’s 50-day moving average price is $29.14 and its 200-day moving average price is $32.50. Kering has a twelve month low of $19.23 and a twelve month high of $40.70. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66.

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.