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

Shares of Kering SA (OTCMKTS:PPRUY) have earned a consensus recommendation of “Reduce” from the seven analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

PPRUY has been the topic of a number of recent analyst reports. Citigroup downgraded Kering from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group downgraded Kering from a “neutral” rating to a “sell” rating in a research report on Tuesday, October 1st. Berenberg Bank upgraded Kering to a “hold” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. downgraded Kering from a “neutral” rating to an “underweight” rating in a research report on Monday, December 2nd.

Kering Trading Up 1.1 %

Shares of PPRUY stock opened at $22.90 on Thursday. The business’s 50 day moving average is $23.91 and its two-hundred day moving average is $26.94. Kering has a 12-month low of $21.69 and a 12-month high of $47.41.

Kering Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be given a $0.2097 dividend. The ex-dividend date of this dividend 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.