Kering (OTCMKTS:PPRUY) Sets New 52-Week Low – Here’s Why

Kering SA (OTCMKTS:PPRUY)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $23.90 and last traded at $24.61, with a volume of 378574 shares trading hands. The stock had previously closed at $25.34.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays reaffirmed an “underweight” rating on shares of Kering in a research note on Monday, September 9th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Kering in a research note on Monday, September 9th. Citigroup lowered Kering from a “buy” rating to a “neutral” rating in a research note on Monday. UBS Group lowered Kering from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group lowered Kering from a “neutral” rating to a “sell” rating in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Kering currently has a consensus rating of “Hold”.

Kering Stock Performance

The stock has a 50 day moving average price of $26.67 and a 200 day moving average price of $31.69.

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.