Zacks Research Downgrades Kering (OTCMKTS:PPRUY) to Strong Sell

Kering (OTCMKTS:PPRUY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

PPRUY has been the topic of a number of other research reports. Sanford C. Bernstein raised shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Citigroup reaffirmed a “neutral” rating on shares of Kering in a report on Tuesday, January 13th. DZ Bank upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Kering in a research report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kering currently has an average rating of “Reduce”.

Kering Stock Down 1.7%

PPRUY opened at $26.71 on Thursday. The business has a 50 day moving average price of $31.83 and a 200 day moving average price of $33.50. Kering has a twelve month low of $17.02 and a twelve month high of $40.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.

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.