Kering SA (OTCMKTS:PPRUY) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Kering SA (OTCMKTS:PPRUY) have been assigned an average rating of “Reduce” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages have recently weighed in on PPRUY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a research report on Thursday, April 24th. Kepler Capital Markets raised shares of Kering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th.

Kering Trading Down 2.5%

Shares of PPRUY opened at $20.63 on Friday. The company has a 50 day moving average price of $19.92 and a 200-day moving average price of $23.00. Kering has a fifty-two week low of $17.02 and a fifty-two week high of $37.19. The company has a quick ratio of 0.69, a current ratio of 1.11 and a debt-to-equity ratio of 0.67.

Kering Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, May 22nd. Investors of record on Monday, May 5th were given a dividend of $0.3048 per share. This is a boost from Kering’s previous dividend of $0.21. The ex-dividend date of this dividend was Friday, May 2nd. This represents a yield of 2.11%.

Kering Company Profile

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.