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

Shares of Klepierre (OTCMKTS:KLPEF) 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.

Wall Street Analysts Forecast Growth

KLPEF has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of Klepierre in a report on Friday, February 6th. The Goldman Sachs Group raised Klepierre from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 29th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Klepierre currently has an average rating of “Buy”.

Klepierre Price Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a 50 day simple moving average of $38.53 and a 200-day simple moving average of $38.68.

About Klepierre

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.