Klepierre (OTCMKTS:KLPEF) Hits New 1-Year High - Here's Why

Key Points

• Klepierre's stock price reached a new 52-week high of $40.97 during trading, reflecting strong market interest with a volume of 19,500 shares.
• Berenberg Bank upgraded Klepierre's rating from "hold" to "strong-buy", indicating a positive outlook on the company.
• Klepierre operates a portfolio valued at €19.3 billion across various large shopping centers in over 10 countries in Continental Europe.

Klepierre (OTCMKTS:KLPEF - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $40.97 and last traded at $40.97, with a volume of 19500 shares. The stock had previously closed at $40.75.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Klepierre from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th.

Klepierre Price Performance

The business's fifty day moving average is $38.68 and its 200-day moving average is $35.26. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.60.

About Klepierre

Klépierre SA is the European leader in shopping malls, combining property development and asset management skills. The Company's portfolio is valued at 19.3 billion at December 31, 2023, and comprises large shopping centers in more than 10 countries in Continental Europe which together host hundreds of millions of visitors per year.

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