Kering (OTCMKTS:PPRUY) Shares Gap Down – Here’s Why

Kering SA (OTCMKTS:PPRUY) gapped down prior to trading on Friday . The stock had previously closed at $30.29, but opened at $29.33. Kering shares last traded at $29.31, with a volume of 19,100 shares traded.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kering in a research report on Wednesday, August 12th. Barclays raised Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Citigroup reaffirmed a “neutral” rating on shares of Kering in a report on Monday. Zacks Research upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, HSBC raised Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Kering Stock Up 1.4%

The company has a fifty day moving average of $30.11 and a 200-day moving average of $29.97. 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.