Klepierre (OTCMKTS:KLPEF) Sets New 52-Week High – Still a Buy?

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KLPEF. Oddo Bhf raised shares of Klepierre to an “outperform” rating in a report on Wednesday, July 15th. BNP Paribas Exane began coverage on Klepierre in a research note on Wednesday, July 1st. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group upgraded Klepierre from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Klepierre has a consensus rating of “Moderate Buy”.

Klepierre Price Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a 50 day moving average price of $40.94 and a 200-day moving average price of $39.71.

About Klepierre

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.