Citigroup Lowers Kering (OTCMKTS:PPRUY) to Neutral

Kering (OTCMKTS:PPRUY - Get Free Report) was downgraded by Citigroup from a "buy" rating to a "neutral" rating in a research report issued on Monday, MarketBeat.com reports.

A number of other brokerages have also recently issued reports on PPRUY. The Goldman Sachs Group cut Kering from a "neutral" rating to a "sell" rating in a report on Tuesday, October 1st. UBS Group cut Kering from a "buy" rating to a "neutral" rating in a report on Thursday, July 25th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Kering in a research report on Monday, September 9th. Finally, Barclays reiterated an "underweight" rating on shares of Kering in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kering presently has a consensus rating of "Hold".

Kering Trading Down 1.9 %

Shares of OTCMKTS:PPRUY traded down $0.50 during trading on Monday, reaching $25.30. 223,588 shares of the stock were exchanged, compared to its average volume of 315,549. Kering has a 12 month low of $23.93 and a 12 month high of $47.41. The stock has a 50-day moving average price of $26.88 and a 200-day moving average price of $31.98.

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.