Kering SA (OTCMKTS:PPRUY) Receives Consensus Rating of “Reduce” from Analysts

Shares of Kering SA (OTCMKTS:PPRUY) have earned a consensus recommendation of “Reduce” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

PPRUY has been the subject of a number of research analyst reports. Berenberg Bank upgraded Kering to a “hold” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered shares of Kering from a “neutral” rating to an “underweight” rating in a research report on Monday, December 2nd. The Goldman Sachs Group downgraded shares of Kering from a “neutral” rating to a “sell” rating in a research report on Tuesday, October 1st. Finally, Citigroup cut shares of Kering from a “buy” rating to a “neutral” rating in a report on Monday, October 21st.

Kering Trading Down 2.5 %

Shares of PPRUY opened at $25.33 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. Kering has a 12 month low of $21.69 and a 12 month high of $47.41. The stock has a fifty day moving average price of $23.95 and a 200-day moving average price of $26.55.

Kering Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be given a $0.2097 dividend. The ex-dividend date is Monday, January 13th.

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.