Kering SA (OTCMKTS:PPRUY) Receives Average Rating of "Reduce" from Analysts

Key Points

• Kering received a consensus "Reduce" rating from nine analysts (3 sell, 5 hold, 1 buy), with mixed individual moves — DZ Bank and Sanford C. Bernstein upgraded from "strong sell" to "hold" while Zacks cut its rating to "strong sell".
• Shares opened at $26.71, trading below the 50-day ($31.83) and 200-day ($33.54) moving averages and sitting closer to the 1-year low ($17.02) than the high ($40.70), indicating recent price weakness.

Shares of Kering SA (OTCMKTS:PPRUY - Get Free Report) have earned a consensus recommendation of "Reduce" from the nine research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company.

Several analysts have weighed in on PPRUY shares. DZ Bank raised Kering from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 11th. Sanford C. Bernstein upgraded Kering from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 4th. Zacks Research lowered Kering from a "hold" rating to a "strong sell" rating in a research report on Thursday. Morgan Stanley reaffirmed an "overweight" rating on shares of Kering in a research note on Friday, February 6th. Finally, Citigroup reiterated a "neutral" rating on shares of Kering in a report on Tuesday, January 13th.

Kering Stock Performance

Shares of OTCMKTS PPRUY opened at $26.71 on Friday. Kering has a 1 year low of $17.02 and a 1 year high of $40.70. The company's 50-day moving average is $31.83 and its 200 day moving average is $33.54. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66.

Kering Company Profile

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.

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