Kering (OTCMKTS:PPRUY) Upgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Kering (OTCMKTS:PPRUY) from a strong sell rating to a hold rating in a report published on Wednesday, reports.

According to Zacks, “Kering is involved in the design, manufacture and distribution of apparel and accessories. It operates through two segments: Luxury segment and Sport and Lifestyle segment. The company’s product include handbags, small leather goods, luggage, shoes, men and women’s ready-to-wear, silks, watches, fine jewellery, eyewear, lingerie, fragrances and cosmetics, furniture, kids wear, T-shirts, track jackets, bags, board shorts, polo shirts, denim, swim, outerwear, and sandals; footwear; sunglasses, snow goggles, backpacks, luggage, and accessories. Its brand name consists of Puma, Volcom, Cobra, Electric, Tretorn, Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, Qeelin, Stella McCartney, Sergio Rossi, Boucheron, Girard-Perregaux, and JeanRichard. Kering is headquartered in Paris, France. “

PPRUY has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reissued a hold rating on shares of Kering in a research report on Monday, October 5th. Smith Barney Citigroup reiterated a buy rating on shares of Kering in a report on Monday, December 21st. Royal Bank of Canada restated an outperform rating on shares of Kering in a research note on Friday, October 23rd. Finally, UBS Group lowered Kering from a buy rating to a neutral rating in a research note on Monday, December 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Kering presently has an average rating of Hold and a consensus price target of $76.00.

Shares of PPRUY traded down $0.66 during mid-day trading on Wednesday, hitting $69.62. The company had a trading volume of 45,235 shares, compared to its average volume of 55,054. Kering has a 1-year low of $36.62 and a 1-year high of $74.44. The business’s 50-day simple moving average is $70.71 and its 200-day simple moving average is $65.22. The stock has a market cap of $87.92 billion, a PE ratio of 23.60 and a beta of 0.72. The company has a quick ratio of 0.65, a current ratio of 1.06 and a debt-to-equity ratio of 0.74.

About Kering

Kering SA develops, designs, manufactures, markets, and sells apparel and accessories. The company offers shoes; leather goods, including handbags and wallets, and other leather products; eyewear, textile accessories, etc.; jewelry and watches; and T-shirts, sweatshirts, polo shirts, etc., as well as ready-to-wear products for men and women.

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