Klepierre (OTCMKTS:KLPEF) Stock Now Rated “Hold” by Sell-Side Analysts

Klepierre (OTCMKTS:KLPEF) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

A number of equities research analysts recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Klepierre in a research note on Monday, August 3rd. Oddo Bhf upgraded shares of Klepierre to an “outperform” rating in a research report on Wednesday, July 15th. Morgan Stanley reaffirmed an “underweight” rating on shares of Klepierre in a report on Tuesday, September 1st. Jefferies Financial Group lowered shares of Klepierre from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, BNP Paribas Exane assumed coverage on shares of Klepierre in a research note on Wednesday, July 1st. They set a “neutral” rating for the company.

Klepierre Price Performance

Shares of KLPEF opened at $39.28 on Tuesday. Klepierre has a 12 month low of $35.55 and a 12 month high of $45.02. The stock’s 50 day moving average is $43.43 and its two-hundred day moving average is $41.49.

Klepierre Company Profile

Klépierre is a France-based real estate investment trust specializing in the ownership, management and development of shopping centers. The company focuses on high-quality retail destinations that combine shopping, dining, leisure and services, working with retailers and local partners to attract visitors and support tenant sales.

Its activities include leasing commercial space, managing and redeveloping existing properties, and selectively pursuing development projects. Klépierre’s tenant base includes international, national and local retail brands across categories such as fashion, food, beauty, home goods and entertainment.

Founded in 1990, Klépierre has built a pan-European portfolio serving consumers in several major markets, including France, Italy, Spain, Belgium, the Netherlands, Germany, Poland, the Czech Republic and Scandinavia.