Kering (OTCMKTS:PPRUY) Stock Rating Lowered by HSBC

Key Points

• HSBC has downgraded Kering's stock rating from "buy" to "hold" as of Friday, reflecting a shift in market sentiment.
• Currently, Kering has a consensus rating of "Hold" with two analysts rating it as a "Strong Buy," one as "Buy," two as "Hold," and three as "Sell."
• Kering's stock performance shows volatility with a recent trading price of $38.39, marking significant fluctuations over the past year.

Kering (OTCMKTS:PPRUY - Get Free Report) was downgraded by equities researchers at HSBC from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Other equities analysts have also issued research reports about the company. Morgan Stanley upgraded Kering from an "equal weight" rating to an "overweight" rating in a research note on Monday, October 6th. Barclays reaffirmed an "underweight" rating on shares of Kering in a research report on Tuesday, October 7th. Berenberg Bank reaffirmed a "sell" rating on shares of Kering in a research report on Thursday, October 16th. Finally, Hsbc Global Res raised Kering to a "strong-buy" rating in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Kering Stock Performance

Shares of PPRUY traded down $1.52 during midday trading on Friday, hitting $38.39. 137,851 shares of the company's stock traded hands, compared to its average volume of 292,007. Kering has a 1 year low of $17.02 and a 1 year high of $40.70. The firm's fifty day moving average is $31.21 and its 200-day moving average is $24.74. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.87 and a current ratio of 1.32.

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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