Klepierre (OTCMKTS:KLPEF) Sets New 52-Week High - What's Next?

Key Points

• Klepierre's shares reached a new 52-week high of $40.00, marking a notable increase from the previous close of $39.50.
• Berenberg Bank upgraded Klepierre from a "hold" to a "strong-buy" rating, indicating positive sentiment among analysts.
• Klepierre is the European leader in shopping malls, with a portfolio valued at €19.3 billion as of December 31, 2023, and operates multiple shopping centers across more than 10 countries in Continental Europe.

Shares of Klepierre (OTCMKTS:KLPEF - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $40.00 and last traded at $40.00, with a volume of 1000 shares traded. The stock had previously closed at $39.50.

Wall Street Analysts Forecast Growth

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

Klepierre Trading Up 0.6%

The business has a 50-day simple moving average of $38.54 and a two-hundred day simple moving average of $34.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.59 and a quick ratio of 0.59.

Klepierre Company Profile

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.