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

Shares of Kering SA (OTCMKTS:PPRUY) have earned an average recommendation of “Reduce” from the seven brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.

A number of research firms have recently issued reports on PPRUY. Barclays reiterated an “underweight” rating on shares of Kering in a research note on Monday, September 9th. Citigroup lowered shares of Kering from a “buy” rating to a “neutral” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. downgraded shares of Kering from a “neutral” rating to an “underweight” rating in a research note on Monday, December 2nd. Berenberg Bank raised shares of Kering to a “hold” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Kering in a research report on Monday, September 9th.

Kering Price Performance

PPRUY opened at $24.69 on Friday. Kering has a 1 year low of $21.69 and a 1 year high of $47.41. The firm has a 50 day moving average price of $24.28 and a 200 day moving average price of $28.00.

Kering Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be paid a $0.2097 dividend. The ex-dividend date is Monday, January 13th.

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.