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

Key Points

• Klepierre shares gapped up, opening at $38.8750 vs. the prior close of $37.2904 (about a 9.4% rise), though trading volume was light at 197 shares.
• Analyst sentiment has turned positive: Goldman Sachs upgraded Klepierre from "hold" to "strong-buy" on March 29, and the consensus rating is "Buy" (two Strong Buy, one Buy, one Hold).
• Klepierre is a French REIT owning over 70 European shopping centers; its 50- and 200-day moving averages sit near $38.53 and $38.68 and the company shows modest leverage (debt-to-equity 0.57) but relatively low liquidity ratios (quick/current ratio 0.71).

Klepierre (OTCMKTS:KLPEF - Get Free Report) shares 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 changing hands.

Analysts Set New Price Targets

KLPEF has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of Klepierre from a "hold" rating to a "strong-buy" rating in a research note on Sunday, March 29th. Citigroup reaffirmed a "buy" rating on shares of Klepierre in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Klepierre Stock Up 9.4%

The firm's 50-day moving average price is $38.53 and its 200-day moving average price is $38.68. 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.

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