Kering (OTCMKTS:PPRUY) Cut to “Underweight” at JPMorgan Chase & Co.

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

Several other analysts have also issued reports on PPRUY. Citigroup lowered shares of Kering from a “buy” rating to a “neutral” rating in a report on Monday, October 21st. Barclays reaffirmed an “underweight” rating on shares of Kering in a research note on Monday, September 9th. The Goldman Sachs Group downgraded Kering from a “neutral” rating to a “sell” rating in a report on Tuesday, October 1st. Royal Bank of Canada reissued a “sector perform” rating on shares of Kering in a research note on Monday, September 9th. Finally, Berenberg Bank upgraded Kering to a “hold” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Kering Price Performance

Shares of PPRUY opened at $23.47 on Monday. Kering has a twelve month low of $21.69 and a twelve month high of $47.41. The company’s fifty day simple moving average is $24.81 and its 200-day simple moving average is $29.14.

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.