Kering (OTCMKTS:PPRUY) Sets New 1-Year High After Analyst Upgrade

Key Points

• Kering SA shares reached a new 52-week high of $35.09 after being upgraded by Morgan Stanley from equal weight to overweight, reflecting positive market sentiment.
• Multiple analysts have raised Kering's rating, with HSBC also upgrading it to a "buy," resulting in an average rating of "Moderate Buy" across the board.
• The company's stock performance shows a 50-day moving average of $27.88 and a 200-day average of $23.23, indicating significant price momentum.

Shares of Kering SA (OTCMKTS:PPRUY - Get Free Report) reached a new 52-week high on Monday after Morgan Stanley upgraded the stock from an equal weight rating to an overweight rating. The company traded as high as $35.09 and last traded at $35.01, with a volume of 110920 shares traded. The stock had previously closed at $34.90.

Several other equities analysts have also issued reports on PPRUY. HSBC upgraded Kering to a "buy" rating in a research note on Tuesday, September 2nd. Hsbc Global Res raised shares of Kering to a "strong-buy" rating in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kering currently has an average rating of "Moderate Buy".

Kering Stock Performance

The business has a 50-day simple moving average of $27.88 and a 200-day simple moving average of $23.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 0.87.

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.

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