Kering (OTCMKTS:PPRUY) Reaches New 12-Month Low – Time to Sell?

Kering SA (OTCMKTS:PPRUY) hit a new 52-week low during trading on Monday . The stock traded as low as $26.05 and last traded at $26.08, with a volume of 1935 shares trading hands. The stock had previously closed at $26.67.

Analysts Set New Price Targets

A number of research firms recently commented on PPRUY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kering in a report on Wednesday, August 12th. Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Citigroup reissued a “neutral” rating on shares of Kering in a research note on Monday, August 17th. HSBC upgraded Kering from a “hold” rating to a “buy” rating in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Kering Trading Down 2.1%

The business has a 50 day moving average of $29.55 and a 200 day moving average of $29.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.

About Kering

Kering is a France-based global luxury goods group that develops and manages premium brands across fashion, leather goods, jewelry, watches, eyewear and beauty. Its portfolio includes Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735. Kering Eyewear designs, manufactures and distributes prescription frames and sunglasses for its own and other luxury brands.

The group serves customers internationally through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels.