Kering (OTCMKTS:PPRUY) Downgraded by JPMorgan Chase & Co. to Underweight

Kering (OTCMKTS:PPRUY - Get Free Report) was downgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating in a research report issued on Monday, MarketBeat reports.

Several other research firms also recently commented on PPRUY. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Kering in a research note on Monday, September 9th. Berenberg Bank upgraded shares of Kering to a "hold" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group downgraded shares of Kering from a "neutral" rating to a "sell" rating in a report on Tuesday, October 1st. Citigroup downgraded shares of Kering from a "buy" rating to a "neutral" rating in a research report on Monday, October 21st. Finally, Barclays restated an "underweight" rating on shares of Kering in a research note on Monday, September 9th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold".

Kering Stock Up 0.2 %

PPRUY stock traded up $0.04 during midday trading on Monday, reaching $23.36. 562,616 shares of the company's stock traded hands, compared to its average volume of 329,433. The stock's 50-day moving average is $24.92 and its 200 day moving average is $29.36. Kering has a 52-week low of $21.69 and a 52-week high of $47.41.

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.