Kering (OTCMKTS:PPRUY) Hits New 52-Week High - Here's Why

Key Points

• Kering SA reached a new 52-week high, trading at $30.00, with a last trading price of $29.94 and a volume of 252,537 shares.
• HSBC Global Research upgraded Kering to a "strong-buy" rating, contributing to a mixed overall analyst sentiment that includes two Strong Buys, one Buy, three Holds, and two Sells.
• The stock has seen an increase of 5.5%, with a 50-day moving average of $25.41 and a current ratio of 1.11, indicating solid financial health.

Shares of Kering SA (OTCMKTS:PPRUY - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $30.00 and last traded at $29.94, with a volume of 252537 shares. The stock had previously closed at $28.37.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PPRUY shares. HSBC raised shares of Kering to a "buy" rating in a report on Tuesday, September 2nd. Hsbc Global Res upgraded shares of Kering to a "strong-buy" rating in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Kering Price Performance

The company has a quick ratio of 0.69, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average price of $26.04 and a 200 day moving average price of $22.78.

About Kering

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.