Kering (OTCMKTS:PPRUY) Reaches New 1-Year Low – Here’s What Happened

Kering SA (OTCMKTS:PPRUY)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $23.60 and last traded at $23.81, with a volume of 274476 shares traded. The stock had previously closed at $26.06.

Analysts Set New Price Targets

PPRUY has been the subject of a number of research analyst reports. UBS Group cut 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 report on Monday, September 9th. Citigroup lowered Kering from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. Berenberg Bank upgraded Kering to a “hold” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered Kering from a “neutral” rating to a “sell” rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Kering Trading Down 8.6 %

The business has a 50-day moving average of $25.88 and a two-hundred day moving average of $30.76.

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.