Kering SA (OTCMKTS:PPRUY) Given Consensus Rating of “Hold” by Analysts

Kering SA (OTCMKTS:PPRUY) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms have recently weighed in on PPRUY. Morgan Stanley raised shares of Kering from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 6th. HSBC downgraded Kering from a “buy” rating to a “hold” rating in a report on Friday, October 24th. Sanford C. Bernstein downgraded Kering from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Hsbc Global Res lowered Kering from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Finally, Berenberg Bank reaffirmed a “sell” rating on shares of Kering in a research note on Thursday, October 16th.

Kering Stock Up 2.0%

Shares of OTCMKTS:PPRUY opened at $36.24 on Tuesday. 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 has a 12 month low of $17.02 and a 12 month high of $40.70. The firm’s 50-day moving average is $35.18 and its 200 day moving average is $30.76.

Kering Company Profile

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.