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

Kering SA (OTCMKTS:PPRUY) has been assigned a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

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

Kering Price Performance

Shares of OTCMKTS:PPRUY opened at $24.79 on Friday. The firm has a 50 day moving average of $24.26 and a 200 day moving average of $27.88. Kering has a 52 week low of $21.69 and a 52 week high of $47.41.

Kering Cuts Dividend

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