Kering SA (OTCMKTS:PPRUY – Get Free Report)’s stock price hit a new 52-week low on Tuesday. The company traded as low as $25.30 and last traded at $25.37, with a volume of 29593 shares changing hands. The stock had previously closed at $25.94.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on PPRUY shares. Zacks Research upgraded Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Citigroup restated a “neutral” rating on shares of Kering in a research report on Monday, August 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Kering in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kering in a research report on Wednesday, August 12th. Finally, HSBC raised shares of Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Read Our Latest Research Report on PPRUY
Kering Stock Performance
Kering Company Profile
Kering is a France-based global luxury-goods group that designs, develops and markets fashion, leather goods, jewelry, watches, eyewear and beauty products. Its portfolio includes internationally recognized brands such as Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Qeelin and Ginori 1735. Kering Eyewear develops and distributes eyewear for its own and other luxury brands.
The company traces its origins to 1963, when François Pinault founded a timber-trading business that later expanded into retail and was known as Pinault-Printemps-Redoute, or PPR.
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