JPMorgan Chase & Co. Downgrades Kering (OTCMKTS:PPRUY) to Underweight

JPMorgan Chase & Co. downgraded shares of Kering (OTCMKTS:PPRUY) from a neutral rating to an underweight rating in a research report report published on Monday, Marketbeat.com reports.

Other research analysts have also issued research reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Kering in a research note on Monday, September 9th. The Goldman Sachs Group downgraded shares of Kering from a “neutral” rating to a “sell” rating in a report on Tuesday, October 1st. Berenberg Bank raised Kering to a “hold” rating in a report on Wednesday, October 30th. Citigroup downgraded Kering from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. Finally, Barclays reaffirmed an “underweight” rating on shares of Kering in a report on Monday, September 9th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Kering Price Performance

OTCMKTS PPRUY opened at $23.36 on Monday. The stock’s 50 day moving average is $24.92 and its 200 day moving average is $29.36. Kering has a 12 month low of $21.69 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.