KLEPIERRE (OTCMKTS:KLPEF) Shares Gap Up - Here's What Happened

Key Points

• KLEPIERRE shares gapped up from a previous close of $37.41 to open at $39.50 on Monday, with a trading volume of 1,000 shares.
• Berenberg Bank has upgraded KLEPIERRE's stock from a "hold" to a "strong-buy" rating, indicating positive outlook among analysts.
• The company's portfolio is valued at $19.3 billion and comprises major shopping centers across more than 10 countries in Continental Europe.

Shares of KLEPIERRE (OTCMKTS:KLPEF - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $37.41, but opened at $39.50. KLEPIERRE shares last traded at $39.50, with a volume of 1,000 shares traded.

Wall Street Analysts Forecast Growth

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

KLEPIERRE Trading Up 5.6%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.59. The business's 50-day simple moving average is $38.46 and its 200 day simple moving average is $34.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.