(CercleFinance.com) – Klépierre shares largely outperformed the Paris market and rose slightly on Thursday, stimulated by an increase in Deutsche Bank’s recommendation and price target.
At 3:45 p.m., the action gained 0.2%, marking one of the rare increases in the SBF 120 index, which lost nearly 1.5% at the same time.
In a vast study devoted to European real estate specialists, the research department says it appreciates the group of shopping centers for its ‘defensive’ characteristics.
Deutsche Bank refers not only to the strength of its balance sheet and its investments, but also to the protection provided by the company’s dividend and the high level of its exit rates, which protect it against a rise in interest rates. .
The analyst also mentions the quality of the group’s assets, which he believes is attracting top-tier tenants, a trend which should make it possible to offset – against a background of positive indexation – the drop in consumer morale in the recessionary environment which is profile.