Citigroup Lowers Kering (OTCMKTS:PPRUY) to Neutral

Citigroup downgraded shares of Kering (OTCMKTS:PPRUY) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, MarketBeat.com reports.

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

Kering Price Performance

Shares of PPRUY opened at $25.36 on Monday. The firm has a fifty day moving average price of $26.73 and a 200-day moving average price of $31.73. Kering has a 12-month low of $23.90 and a 12-month high of $47.41.

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.