Partners Group (OTCMKTS:PGPHF) Shares Gap Up – Here’s Why

Partners Group Holding AG (OTCMKTS:PGPHF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $1,222.08, but opened at $1,367.6550. Partners Group shares last traded at $1,367.6550, with a volume of 16 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “buy” rating on shares of Partners Group in a report on Thursday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Partners Group presently has a consensus rating of “Buy”.

Partners Group Trading Up 11.9%

The business’s fifty day moving average is $1,200.50 and its 200 day moving average is $1,289.78. The company has a market cap of $35.47 billion and a P/E ratio of 89.62.

Partners Group Company Profile

Partners Group Holding AG (OTCMKTS: PGPHF) is a global private markets investment manager that specializes in private equity, private debt, private real estate and private infrastructure. The firm develops tailored investment solutions for institutional investors, sovereign wealth funds, family offices and high-net-worth individuals. Its services include direct investments, primary fund commitments and secondary market transactions, as well as customized portfolio and advisory offerings.

Founded in 1996 and headquartered in Baar, Switzerland, Partners Group completed its initial public offering on the SIX Swiss Exchange in 2006.