Shares of Kering SA (OTCMKTS:PPRUY – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 1,912,305 shares changed hands during mid-day trading, an increase of 654% from the previous session’s volume of 253,464 shares.The stock last traded at $27.21 and had previously closed at $27.59.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kering in a report on Wednesday, August 12th. HSBC upgraded shares of Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Kering in a research report on Wednesday, July 29th. Finally, Citigroup restated a “neutral” rating on shares of Kering in a research report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Get Our Latest Report on Kering
Kering Stock Down 1.5%
Kering Company Profile
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.
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