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

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

Several equities research analysts have weighed in on PPRUY shares. Berenberg Bank upgraded Kering to a “hold” rating in a report on Wednesday, October 30th. The Goldman Sachs Group cut Kering from a “neutral” rating to a “sell” rating in a report on Tuesday, October 1st. Citigroup cut Kering from a “buy” rating to a “neutral” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. cut Kering from a “neutral” rating to an “underweight” rating in a report on Monday, December 2nd.

Kering Stock Performance

PPRUY opened at $22.90 on Thursday. The business has a fifty day moving average of $23.91 and a 200 day moving average of $26.94. Kering has a 52-week low of $21.69 and a 52-week high of $47.41.

Kering Cuts Dividend

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

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.