Kering (OTCMKTS:PPRUY) Lowered to “Strong Sell” Rating by Zacks Research

Kering (OTCMKTS:PPRUY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other research firms have also recently issued reports on PPRUY. Sanford C. Bernstein raised Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of Kering in a research report on Friday, February 6th. Citigroup reiterated a “neutral” rating on shares of Kering in a report on Tuesday, January 13th. Finally, DZ Bank raised Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce”.

Kering Stock Down 1.7%

Kering stock opened at $26.71 on Thursday. Kering has a 12 month low of $17.02 and a 12 month high of $40.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39. The company’s fifty day simple moving average is $31.83 and its 200-day simple moving average is $33.50.

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.