Kering (OTCMKTS:PPRUY) Now Covered by Analysts at TD Cowen

Key Points

• TD Cowen initiated coverage of Kering with a “hold” rating.
• Analyst sentiment remains cautious: two analysts rate Kering a “buy,” while nine assign a “hold” rating, resulting in a consensus “Hold” rating.
• Kering shares opened at $19.72, near their 1-year low of $19.53 and well below the 1-year high of $37.68; the stock’s 50-day and 200-day moving averages were $25.41 and $29.01, respectively.

Stock analysts at TD Cowen began coverage on shares of Kering (OTCMKTS:PPRUY - Get Free Report) in a research report issued on Friday, Zacks reports. The brokerage set a "hold" rating on the stock.

Several other brokerages also recently issued reports on PPRUY. HSBC raised Kering from a "hold" rating to a "buy" rating in a report on Wednesday, July 29th. Zacks Research upgraded shares of Kering from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 12th. The Goldman Sachs Group began coverage on shares of Kering in a report on Sunday, October 4th. They issued a "neutral" rating on the stock. Royal Bank Of Canada restated a "sector perform" rating on shares of Kering in a research report on Wednesday, July 29th. Finally, Citigroup restated a "neutral" rating on shares of Kering in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold".

Kering Price Performance

Shares of PPRUY opened at $19.72 on Friday. Kering has a 1-year low of $19.53 and a 1-year high of $37.68. The company's fifty day simple moving average is $25.41 and its 200 day simple moving average is $29.01. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.57 and a current ratio of 2.05.

Kering Company Profile

Kering is a France-based global luxury goods group that develops, manages and distributes fashion, leather goods, jewelry, watches, eyewear and beauty products through a portfolio of luxury houses. Its brands serve customers through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels across major markets worldwide, including Europe, North America and Asia-Pacific.

The group's principal houses include Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.