Kering (OTCMKTS:PPRUY) Rating Lowered to Neutral at Citigroup

Kering (OTCMKTS:PPRUY) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Monday, Marketbeat reports.

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

Kering Price Performance

Shares of OTCMKTS PPRUY opened at $25.34 on Monday. The firm has a fifty day moving average of $26.79 and a 200 day moving average of $31.78. Kering has a one year low of $23.93 and a one 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.