Kering (OTCMKTS:PPRUY) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Kering (OTCMKTS:PPRUY) from a hold rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.

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

Kering Trading Down 1.7%

Shares of Kering stock opened at $26.71 on Thursday. 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 has a fifty day simple moving average of $31.83 and a 200-day simple moving average of $33.54. Kering has a 12-month low of $17.02 and a 12-month high of $40.70.

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.