Sanford C. Bernstein Upgrades Kering (OTCMKTS:PPRUY) to “Hold”

Kering (OTCMKTS:PPRUY) was upgraded by Sanford C. Bernstein from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Kering in a research note on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating on shares of Kering in a report on Friday, February 6th. Finally, DZ Bank upgraded Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Kering Price Performance

PPRUY opened at $30.08 on Wednesday. Kering has a twelve month low of $17.02 and a twelve month high of $40.70. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $33.36 and a 200 day simple moving average of $33.30.

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.