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

Klepierre (OTCMKTS:KLPEF) 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.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KLPEF. The Goldman Sachs Group raised shares of Klepierre from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 29th. Oddo Bhf upgraded Klepierre to an “outperform” rating in a research report on Wednesday. Finally, BNP Paribas Exane began coverage on Klepierre in a research note on Wednesday, July 1st. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Klepierre Trading Up 4.4%

The firm’s fifty day moving average price is $40.79 and its 200 day moving average price is $39.62. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.57.

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.