Kering SA (OTCMKTS:PPRUY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Kering SA (OTCMKTS:PPRUY) have received a consensus rating of “Reduce” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company.

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

Kering Price Performance

OTCMKTS PPRUY opened at $24.25 on Friday. Kering has a one year low of $21.69 and a one year high of $47.41. The company’s 50-day simple moving average is $24.29 and its two-hundred day simple moving average is $28.24.

Kering Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be given a dividend of $0.2097 per share. 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.