Kering (OTCMKTS:PPRUY) Upgraded at Zacks Research

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

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kering in a report on Wednesday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a research report on Wednesday, July 29th. Barclays upgraded Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, HSBC raised shares of Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Kering Stock Down 0.8%

PPRUY opened at $31.30 on Wednesday. Kering has a 1-year low of $24.43 and a 1-year high of $40.70. The company has a quick ratio of 0.92, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $30.05 and a two-hundred day moving average price of $30.04.

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.