Kering's (PPRUY) "Sell" Rating Reaffirmed at Berenberg Bank

Key Points

• Kering's stock has a "sell" rating reaffirmed by Berenberg Bank, indicating ongoing concerns about its market performance.
• Multiple equities analysts have rated Kering with a mix of recommendations, leading to a consensus rating of "Hold" among analysts.
• As of Thursday, Kering's stock opened at $36.47, with a recent 12-month low of $17.02 and a high of $37.60.

Kering (OTCMKTS:PPRUY - Get Free Report)'s stock had its "sell" rating reissued by equities research analysts at Berenberg Bank in a report released on Thursday, Marketbeat reports.

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

Kering Price Performance

Kering stock opened at $36.47 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.69. Kering has a 12 month low of $17.02 and a 12 month high of $37.60. The stock has a 50-day moving average price of $29.68 and a two-hundred day moving average price of $24.00.

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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