KERING S A/ADR (OTCMKTS:PPRUY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of KERING S A/ADR (OTCMKTS:PPRUY) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Kering is involved in the design, manufacture and distribution of apparel and accessories. It operates through two segments: Luxury segment and Sport and Lifestyle segment. The company’s product include handbags, small leather goods, luggage, shoes, men and women’s ready-to-wear, silks, watches, fine jewellery, eyewear, lingerie, fragrances and cosmetics, furniture, kids wear, T-shirts, track jackets, bags, board shorts, polo shirts, denim, swim, outerwear, and sandals; footwear; sunglasses, snow goggles, backpacks, luggage, and accessories. Its brand name consists of Puma, Volcom, Cobra, Electric, Tretorn, Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, Qeelin, Stella McCartney, Sergio Rossi, Boucheron, Girard-Perregaux, and JeanRichard. Kering is headquartered in Paris, France. “

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A number of other equities analysts also recently issued reports on the stock. UBS Group upgraded shares of KERING S A/ADR from a neutral rating to a buy rating in a research note on Wednesday, September 18th. ValuEngine upgraded shares of KERING S A/ADR from a strong sell rating to a sell rating in a research note on Wednesday, December 11th. Finally, BNP Paribas upgraded shares of KERING S A/ADR from a neutral rating to an outperform rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $67.00.

Shares of PPRUY stock opened at $65.85 on Thursday. The company’s 50-day simple moving average is $60.92 and its two-hundred day simple moving average is $55.14. KERING S A/ADR has a one year low of $43.33 and a one year high of $65.93. The company has a market capitalization of $83.15 billion, a P/E ratio of 24.94, a P/E/G ratio of 2.50 and a beta of 0.99.

About KERING S A/ADR

Kering SA develops, designs, manufactures, markets, and sells apparel and accessories worldwide. The company offers shoes; leather goods, including handbags and wallets, and other leather products; eyewear and textile accessories; jewelry and watches; and T-shirts, sweatshirts, polo shirts, etc., as well as ready-to-wear products for men and women.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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