Klepierre (OTCMKTS:KLPEF) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Klepierre (OTCMKTS:KLPEF) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

A number of equities research analysts have commented on KLPEF shares. Zacks Research raised Klepierre to a “hold” rating in a report on Tuesday, July 21st. Morgan Stanley reaffirmed an “underweight” rating on shares of Klepierre in a research note on Tuesday, September 1st. Jefferies Financial Group downgraded shares of Klepierre from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Oddo Bhf upgraded shares of Klepierre to an “outperform” rating in a research note on Wednesday, July 15th. Finally, Citigroup reiterated a “buy” rating on shares of Klepierre in a research note on Monday, August 3rd.

Klepierre Price Performance

Shares of KLPEF stock opened at $39.28 on Friday. The business’s fifty day moving average price is $41.65 and its 200 day moving average price is $40.77. Klepierre has a 1-year low of $35.55 and a 1-year high of $45.02.

Klepierre Company Profile

Klépierre is a France-based real estate investment company specializing in shopping centers and retail properties. The company owns, manages and develops shopping destinations designed to serve local communities, with activities spanning property management, leasing, redevelopment and asset optimization.

Its portfolio is focused primarily on major European markets, including France, Italy, Spain, Belgium, the Netherlands, Germany and the Nordic region. Klépierre’s centers host a broad mix of fashion, food, leisure and service tenants, and the company works with retailers to enhance customer experiences and adapt properties to changing consumer needs.

Founded in 1990, Klépierre has expanded through acquisitions, partnerships and the development of large-scale retail destinations.