Klepierre (OTCMKTS:KLPEF) Shares Gap Up – Still a Buy?

Shares of Klepierre (OTCMKTS:KLPEF) gapped up prior to trading 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 trading hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Oddo Bhf upgraded Klepierre to an “outperform” rating in a report on Wednesday. BNP Paribas Exane started coverage on Klepierre in a report on Wednesday, July 1st. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group raised Klepierre from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Klepierre has an average rating of “Moderate Buy”.

Klepierre Stock Performance

The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $40.79 and its two-hundred day moving average price is $39.62.

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.