Klepierre (OTCMKTS:KLPEF) Shares Gap Up – Time to Buy?

Klepierre (OTCMKTS:KLPEF)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $40.66, but opened at $42.44. Klepierre shares last traded at $42.44, with a volume of 303 shares traded.

Analyst Upgrades and Downgrades

KLPEF has been the topic of several research reports. BNP Paribas Exane began coverage on shares of Klepierre in a research report on Wednesday, July 1st. They issued a “neutral” rating on the stock. The Goldman Sachs Group raised shares of Klepierre from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 29th. Finally, Oddo Bhf raised shares of Klepierre to an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Klepierre has an average rating of “Moderate Buy”.

Klepierre Stock Performance

The business has a fifty day moving average of $40.83 and a 200-day moving average of $39.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.71 and a current ratio of 0.71.

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.