Kering (OTCMKTS:PPRUY) Upgraded to Hold at Berenberg Bank

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

A number of other research analysts have also issued reports on the company. The Goldman Sachs Group lowered Kering from a “neutral” rating to a “sell” rating in a research report on Tuesday, October 1st. Citigroup lowered Kering from a “buy” rating to a “neutral” rating in a report on Monday, October 21st. UBS Group cut shares of Kering from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Barclays restated an “underweight” rating on shares of Kering in a research report on Monday, September 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Kering in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Kering has a consensus rating of “Hold”.

Kering Stock Down 0.1 %

OTCMKTS PPRUY opened at $24.82 on Wednesday. The stock has a 50-day moving average of $26.34 and a 200 day moving average of $31.23. Kering has a twelve month low of $23.90 and a twelve month 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.