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

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

A number of research analysts have recently issued reports on the stock. Berenberg Bank upgraded shares of Kering to a “hold” rating in a report on Wednesday, October 30th. Citigroup downgraded Kering from a “buy” rating to a “neutral” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. lowered Kering from a “neutral” rating to an “underweight” rating in a report on Monday, December 2nd. Finally, The Goldman Sachs Group downgraded Kering from a “neutral” rating to a “sell” rating in a report on Tuesday, October 1st.

Kering Stock Performance

Shares of Kering stock opened at $24.97 on Thursday. The stock’s 50-day moving average is $23.86 and its 200 day moving average is $26.70. Kering has a one year low of $21.69 and a one year high of $47.41.

Kering Cuts Dividend

The firm also recently declared 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.