Kering (OTCMKTS:PPRUY) Upgraded to Hold at Barclays

Kering (OTCMKTS:PPRUY) was upgraded by Barclays from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

PPRUY has been the subject of a number of other research reports. HSBC downgraded shares of Kering from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Zacks Research downgraded shares of Kering from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. TD Cowen reissued a “buy” rating on shares of Kering in a research note on Thursday, April 9th. Citigroup reissued a “neutral” rating on shares of Kering in a research note on Tuesday, January 13th. Finally, DZ Bank raised shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Kering Trading Up 0.1%

Shares of OTCMKTS PPRUY opened at $28.10 on Monday. Kering has a twelve month low of $19.23 and a twelve month high of $40.70. The firm has a fifty day simple moving average of $29.31 and a 200 day simple moving average of $32.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 0.92.

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.