Kering (OTCMKTS:PPRUY) Upgraded by Kepler Capital Markets to “Strong-Buy” Rating

Kepler Capital Markets upgraded shares of Kering (OTCMKTS:PPRUY) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Kering from a “neutral” rating to an “underweight” rating in a research note on Monday, December 2nd. Berenberg Bank raised shares of Kering to a “hold” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kering presently has a consensus rating of “Hold”.

Kering Stock Down 0.7 %

PPRUY opened at $27.97 on Wednesday. The company has a fifty day moving average of $25.81 and a 200 day moving average of $25.68. Kering has a fifty-two week low of $21.69 and a fifty-two week high of $47.15. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 0.70.

Kering Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a $0.2097 dividend. The ex-dividend date was Monday, January 13th.

About Kering

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.