Kering SA (OTCMKTS:PPRUY) Given Consensus Recommendation of “Reduce” by Brokerages

Kering SA (OTCMKTS:PPRUY) has earned a consensus recommendation of “Reduce” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company.

Several research analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Kering in a report on Friday, February 6th. DZ Bank raised shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Kering in a research report on Tuesday, January 13th.

Kering Stock Down 1.9%

PPRUY opened at $33.55 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 0.87. Kering has a 12-month low of $17.02 and a 12-month high of $40.70. The firm has a 50 day moving average of $33.77 and a two-hundred day moving average of $33.14.

About Kering

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.