Kering (OTCMKTS:PPRUY) Shares Gap Down - What's Next?

Shares of Kering SA (OTCMKTS:PPRUY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $21.15, but opened at $20.60. Kering shares last traded at $20.64, with a volume of 14,602 shares traded.

Analysts Set New Price Targets

PPRUY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Kering in a research note on Thursday, April 24th. Kepler Capital Markets raised shares of Kering from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold".

Kering Stock Down 2.5%

The business's fifty day moving average is $19.88 and its two-hundred day moving average is $23.02. The company has a quick ratio of 0.69, a current ratio of 1.11 and a debt-to-equity ratio of 0.67.

Kering Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 22nd. Stockholders of record on Monday, May 5th were paid a $0.3048 dividend. This is a boost from Kering's previous dividend of $0.21. This represents a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, May 2nd.

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.