Kering (OTCMKTS:PPRUY) Shares Gap Up - Should You Buy?

Key Points

• Kering SA shares opened at $29.54, up from a previous close of $28.37, indicating a strong market response.
• HSBC Global Res upgraded Kering to a "strong-buy" rating, contributing to an overall mixed analyst sentiment with an average rating of "Hold."
• The company’s stock has increased by 5.6%, with a 50-day moving average of $25.26 and a debt-to-equity ratio of 0.67.

Kering SA (OTCMKTS:PPRUY - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $28.37, but opened at $29.54. Kering shares last traded at $29.54, with a volume of 23,050 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PPRUY shares. Hsbc Global Res upgraded Kering to a "strong-buy" rating in a research report on Tuesday, September 2nd. HSBC upgraded Kering to a "buy" rating in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold".

Kering Stock Up 5.6%

The stock has a 50-day moving average of $25.26 and a two-hundred day moving average of $22.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.11 and a quick ratio of 0.69.

Kering Company Profile

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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