Kering (OTCMKTS:PPRUY) Raised to “Hold” at DZ Bank

Kering (OTCMKTS:PPRUY) was upgraded by equities researchers at DZ Bank from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts also recently commented on PPRUY. Berenberg Bank reiterated a “sell” rating on shares of Kering in a research report on Thursday, October 16th. HSBC cut shares of Kering from a “buy” rating to a “hold” rating in a research note on Friday, October 24th. Sanford C. Bernstein lowered Kering from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Citigroup reissued a “neutral” rating on shares of Kering in a report on Tuesday, January 13th. Finally, Morgan Stanley restated an “overweight” rating on shares of Kering in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Kering Stock Performance

Shares of PPRUY opened at $33.33 on Wednesday. Kering has a 52 week low of $17.02 and a 52 week high of $40.70. The company has a 50-day simple moving average of $34.12 and a 200-day simple moving average of $32.49. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.69.

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.