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

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.

Shares of Kering SA (OTCMKTS:PPRUY - Get Free Report) gapped up prior to trading 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 equities research analysts recently issued reports on the stock. Hsbc Global Res raised shares of Kering to a "strong-buy" rating in a research report on Tuesday, September 2nd. HSBC upgraded Kering to a "buy" rating in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Kering Stock Performance

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.69 and a current ratio of 1.32. The stock's 50-day moving average is $25.88 and its 200-day moving average is $22.75.

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.