Kering (OTCMKTS:PPRUY) Shares Gap Up – Still a Buy?

Shares of Kering SA (OTCMKTS:PPRUY) gapped up before the market opened on Monday . The stock had previously closed at $26.71, but opened at $28.38. Kering shares last traded at $28.3960, with a volume of 9,896 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PPRUY shares. Morgan Stanley reiterated an “overweight” rating on shares of Kering in a research note on Friday, February 6th. Citigroup restated a “neutral” rating on shares of Kering in a research note on Tuesday, January 13th. Zacks Research cut Kering from a “hold” rating to a “strong sell” rating in a report on Thursday, March 19th. Sanford C. Bernstein upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, DZ Bank raised Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Kering Trading Down 0.5%

The firm’s fifty day simple moving average is $31.53 and its two-hundred day simple moving average is $33.60. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66.

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.