Klepierre (OTCMKTS:KLPEF) Shares Gap Up – Here’s Why

Klepierre (OTCMKTS:KLPEF)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $37.2904, but opened at $38.8750. Klepierre shares last traded at $38.8750, with a volume of 197 shares traded.

Analysts Set New Price Targets

A number of research firms recently commented on KLPEF. The Goldman Sachs Group upgraded Klepierre from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 29th. Citigroup reaffirmed a “buy” rating on shares of Klepierre in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Klepierre Price Performance

The firm’s fifty day moving average price is $38.56 and its 200-day moving average price is $38.68. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.57.

Klepierre Company Profile

Klepierre SA is a French real estate investment trust (REIT) specializing in the ownership, management and development of high-quality shopping centers across Europe. Headquartered in Paris, the company focuses on creating sustainable retail destinations and enhancing consumer experiences through targeted asset management, tenant mix optimization and modernization projects.

With a portfolio encompassing more than 70 regional shopping centers and prime retail destinations in countries such as France, Italy, Spain, Germany, Sweden and the Netherlands, Klepierre engages in the full property lifecycle.