Klepierre (OTCMKTS:KLPEF) Sets New 12-Month High – Still a Buy?

Shares of Klepierre (OTCMKTS:KLPEF) reached a new 52-week high during trading on Monday . The company traded as high as $43.22 and last traded at $43.22, with a volume of 2415 shares changing hands. The stock had previously closed at $42.44.

Analysts Set New Price Targets

Several research firms have recently weighed in on KLPEF. Oddo Bhf raised shares of Klepierre to an “outperform” rating in a research report on Wednesday. BNP Paribas Exane assumed coverage on shares of Klepierre in a research report on Wednesday, July 1st. They set a “neutral” rating on the stock. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Klepierre Trading Up 1.8%

The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.57. The stock’s 50-day moving average is $40.83 and its 200 day moving average is $39.65.

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.