Kering SA (OTCMKTS:PPRUY) Receives Consensus Rating of “Reduce” from Brokerages

Kering SA (OTCMKTS:PPRUY) has earned a consensus rating of “Reduce” from the seven ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.

PPRUY has been the subject of a number of research reports. Citigroup lowered Kering from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. Berenberg Bank upgraded shares of Kering to a “hold” rating in a report on Wednesday, October 30th. Barclays reaffirmed an “underweight” rating on shares of Kering in a research note on Monday, September 9th. The Goldman Sachs Group cut shares of Kering from a “neutral” rating to a “sell” rating in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Kering in a research report on Monday, September 9th.

Kering Price Performance

OTCMKTS PPRUY opened at $23.32 on Wednesday. Kering has a 52 week low of $21.69 and a 52 week high of $47.41. The stock has a fifty day moving average of $24.92 and a 200-day moving average of $29.36.

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.