Kering SA (OTCMKTS:PPRUY) Receives Average Rating of “Reduce” from Analysts

Kering SA (OTCMKTS:PPRUY) has received a consensus rating of “Reduce” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company.

A number of brokerages recently issued reports on PPRUY. UBS Group downgraded Kering from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Barclays reaffirmed an “underweight” rating on shares of Kering in a report on Monday, September 9th. Royal Bank of Canada reissued a “sector perform” rating on shares of Kering in a research note on Monday, September 9th. Finally, The Goldman Sachs Group cut shares of Kering from a “neutral” rating to a “sell” rating in a research note on Tuesday, October 1st.

Kering Price Performance

OTCMKTS:PPRUY opened at $25.00 on Tuesday. The stock has a 50-day simple moving average of $27.13 and a two-hundred day simple moving average of $32.39. Kering has a 52-week low of $24.43 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.