Kering (OTCMKTS:PPRUY) Cut to Hold at HSBC

HSBC lowered shares of Kering (OTCMKTS:PPRUY) from a buy rating to a hold rating in a research note published on Friday morning, MarketBeat reports.

Other equities analysts have also issued research reports about the company. Barclays restated an “underweight” rating on shares of Kering in a research note on Tuesday, October 7th. Morgan Stanley upgraded Kering from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 6th. Berenberg Bank restated a “sell” rating on shares of Kering in a research note on Thursday, October 16th. Finally, Hsbc Global Res upgraded Kering to a “strong-buy” rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Kering Trading Down 3.7%

Shares of PPRUY opened at $38.45 on Friday. Kering has a 12 month low of $17.02 and a 12 month high of $40.70. The stock has a fifty day moving average price of $31.48 and a 200-day moving average price of $24.99. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.69.

Kering Company Profile

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.