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

JPMorgan Chase & Co. cut shares of Kering (OTCMKTS:PPRUY) from a neutral rating to an underweight rating in a research note released on Monday, MarketBeat Ratings reports.

A number of other brokerages also recently weighed in on PPRUY. Barclays restated an “underweight” rating on shares of Kering in a report on Monday, September 9th. The Goldman Sachs Group downgraded shares of Kering from a “neutral” rating to a “sell” rating in a research report on Tuesday, October 1st. Berenberg Bank upgraded shares of Kering to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating on shares of Kering in a research note on Monday, September 9th. Finally, Citigroup lowered Kering from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Kering has an average rating of “Hold”.

Kering Price Performance

Kering stock opened at $23.36 on Monday. Kering has a fifty-two week low of $21.69 and a fifty-two week high of $47.41. The company’s 50 day simple moving average is $24.92 and its 200 day simple moving average is $29.36.

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.