Kering (OTCMKTS:PPRUY) Upgraded to "Hold" at Berenberg Bank

Berenberg Bank upgraded shares of Kering (OTCMKTS:PPRUY - Free Report) to a hold rating in a research note published on Wednesday, Zacks.com reports.

A number of other brokerages have also recently commented on PPRUY. Citigroup cut Kering from a "buy" rating to a "neutral" rating in a report on Monday, October 21st. The Goldman Sachs Group lowered shares of Kering from a "neutral" rating to a "sell" rating in a report on Tuesday, October 1st. UBS Group downgraded shares of Kering from a "buy" rating to a "neutral" rating in a research note on Thursday, July 25th. Barclays reiterated an "underweight" rating on shares of Kering in a research note on Monday, September 9th. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of Kering in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Kering Trading Down 0.1 %

OTCMKTS PPRUY traded down $0.03 during trading hours on Wednesday, reaching $24.82. The company had a trading volume of 242,114 shares, compared to its average volume of 593,033. The stock has a 50-day moving average of $26.34 and a 200 day moving average of $31.23. Kering has a 1-year low of $23.90 and a 1-year 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.