Kering (OTCMKTS:PPRUY) Upgraded 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 research report issued on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Citigroup reaffirmed a “neutral” rating on shares of Kering in a research report on Tuesday, January 13th. Berenberg Bank restated a “sell” rating on shares of Kering in a research report on Thursday, October 16th. HSBC cut Kering from a “buy” rating to a “hold” rating in a research note on Friday, October 24th. Morgan Stanley reissued an “overweight” rating on shares of Kering in a research report on Friday, February 6th. Finally, Sanford C. Bernstein cut shares of Kering from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Kering currently has a consensus rating of “Hold”.

Kering Stock Performance

Kering stock opened at $33.68 on Wednesday. The company has a 50 day moving average price of $34.14 and a 200 day moving average price of $32.48. Kering has a 52 week low of $17.02 and a 52 week high of $40.70. 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.