Partners Group (OTCMKTS:PGPHF) Shares Gap Up – Here’s Why

Shares of Partners Group Holding AG (OTCMKTS:PGPHF) gapped up before the market opened on Tuesday . The stock had previously closed at $1,213.55, but opened at $1,299.49. Partners Group shares last traded at $1,299.49, with a volume of 12 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Partners Group from a “reduce” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Partners Group Stock Performance

The firm’s 50 day moving average price is $1,194.32 and its 200-day moving average price is $1,289.83. The firm has a market capitalization of $33.73 billion and a PE ratio of 89.62.

About Partners Group

Partners Group Holding AG (OTCMKTS: PGPHF) is a global private markets investment manager that specializes in private equity, private debt, private real estate and private infrastructure. The firm develops tailored investment solutions for institutional investors, sovereign wealth funds, family offices and high-net-worth individuals. Its services include direct investments, primary fund commitments and secondary market transactions, as well as customized portfolio and advisory offerings.

Founded in 1996 and headquartered in Baar, Switzerland, Partners Group completed its initial public offering on the SIX Swiss Exchange in 2006.