Kering (OTCMKTS:PPRUY) Cut to Neutral at Citigroup

Citigroup cut shares of Kering (OTCMKTS:PPRUY) from a buy rating to a neutral rating in a report published on Monday, MarketBeat reports.

PPRUY has been the subject of several other research reports. The Goldman Sachs Group lowered Kering from a “neutral” rating to a “sell” rating in a report on Tuesday, October 1st. Barclays reissued an “underweight” rating on shares of Kering in a research report on Monday, September 9th. UBS Group downgraded shares of Kering from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Kering in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Kering Price Performance

Shares of OTCMKTS PPRUY opened at $24.61 on Monday. The stock has a fifty day simple moving average of $26.73 and a two-hundred day simple moving average of $31.73. Kering has a 1-year low of $23.90 and a 1-year 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.