Kering SA (OTCMKTS:PPRUY) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Kering SA (OTCMKTS:PPRUY) have been given an average recommendation of “Reduce” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.

PPRUY has been the topic of several recent analyst reports. Berenberg Bank raised shares of Kering to a “hold” rating in a report on Wednesday, October 30th. Citigroup lowered shares of Kering from a “buy” rating to a “neutral” rating in a research note on Monday, October 21st. Barclays reiterated an “underweight” rating on shares of Kering in a research note on Monday, September 9th. JPMorgan Chase & Co. cut Kering from a “neutral” rating to an “underweight” rating in a research note on Monday. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Kering in a research report on Monday, September 9th.

Kering Stock Down 0.8 %

Shares of PPRUY opened at $23.18 on Wednesday. The business’s 50 day moving average is $24.85 and its two-hundred day moving average is $29.18. Kering has a 52-week low of $21.69 and a 52-week high of $47.41.

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.