Partners Group (OTCMKTS:PGPHF) Trading 11.4% Higher – Here’s Why

Partners Group Holding AG (OTCMKTS:PGPHF)’s share price was up 11.4% during trading on Wednesday . The stock traded as high as $1,337.0601 and last traded at $1,337.0601. Approximately 1 shares changed hands during trading, a decline of 99% from the average daily volume of 100 shares. The stock had previously closed at $1,200.4301.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Partners Group from a “reduce” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Partners Group Trading Up 11.4%

The stock has a fifty day simple moving average of $1,194.90 and a 200-day simple moving average of $1,290.34. The stock has a market cap of $34.68 billion and a price-to-earnings 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.