Kering (OTCMKTS:PPRUY) Shares Gap Down – Time to Sell?

Shares of Kering SA (OTCMKTS:PPRUY) gapped down prior to trading on Tuesday . The stock had previously closed at $29.90, but opened at $27.87. Kering shares last traded at $28.1750, with a volume of 41,499 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. TD Cowen restated a “buy” rating on shares of Kering in a report on Thursday, April 9th. HSBC lowered Kering from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Zacks Research upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Barclays raised Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Kering Trading Down 1.0%

The business has a fifty day simple moving average of $28.91 and a two-hundred day simple moving average of $31.15. 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.