Kering (OTCMKTS:PPRUY) Hits New 1-Year Low – What’s Next?

Kering SA (OTCMKTS:PPRUY) hit a new 52-week low on Wednesday . The company traded as low as $23.90 and last traded at $24.61, with a volume of 378574 shares. The stock had previously closed at $25.34.

Wall Street Analysts Forecast Growth

PPRUY has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of Kering in a report on Monday, September 9th. Barclays reaffirmed an “underweight” rating on shares of Kering in a research report on Monday, September 9th. Citigroup downgraded shares of Kering from a “buy” rating to a “neutral” rating in a research report on Monday. UBS Group cut shares of Kering from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, The Goldman Sachs Group downgraded Kering from a “neutral” rating to a “sell” rating in a research note on Tuesday, October 1st. 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’s stock. Based on data from MarketBeat, Kering currently has an average rating of “Hold”.

Kering Stock Performance

The business has a fifty day simple moving average of $26.79 and a 200 day simple moving average of $31.78.

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.