Berenberg Bank Upgrades Kering (OTCMKTS:PPRUY) to “Hold”

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

Other equities research analysts also recently issued research reports about the company. UBS Group downgraded Kering from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Royal Bank of Canada reissued a “sector perform” rating on shares of Kering in a research report on Monday, September 9th. Barclays restated an “underweight” rating on shares of Kering in a report on Monday, September 9th. Citigroup downgraded shares of Kering from a “buy” rating to a “neutral” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group downgraded shares of 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, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Kering Trading Down 0.1 %

Kering stock opened at $24.82 on Wednesday. The firm has a 50 day moving average price of $26.34 and a 200 day moving average price of $31.23. Kering has a fifty-two week low of $23.90 and a fifty-two week 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.