Kering SA (OTCMKTS:PPRUY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Kering SA (OTCMKTS:PPRUY) have earned an average rating of “Reduce” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating on the company.

A number of brokerages have commented on PPRUY. Berenberg Bank raised Kering to a “hold” rating in a research note on Wednesday, October 30th. Barclays restated an “underweight” rating on shares of Kering in a research note on Monday, September 9th. UBS Group lowered shares of Kering from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Royal Bank of Canada reissued a “sector perform” rating on shares of Kering in a research report on Monday, September 9th. Finally, The Goldman Sachs Group cut shares of Kering from a “neutral” rating to a “sell” rating in a research report on Tuesday, October 1st.

Kering Stock Down 8.6 %

Shares of PPRUY opened at $23.81 on Friday. The firm’s fifty day simple moving average is $25.88 and its two-hundred day simple moving average is $30.76. Kering has a 12 month low of $23.60 and a 12 month high of $47.41.

Kering Company Profile

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.