Partners Group (OTCMKTS:PGPHF) Shares Gap Down – Time to Sell?

Partners Group Holding AG (OTCMKTS:PGPHF)’s share price gapped down prior to trading on Friday . The stock had previously closed at $1,300.5601, but opened at $1,250.1989. Partners Group shares last traded at $1,250.1989, with a volume of 6 shares.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Partners Group from a “reduce” rating to a “buy” rating in a report on Friday, January 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Partners Group currently has an average rating of “Buy”.

Partners Group Trading Down 2.2%

The company’s 50 day simple moving average is $1,196.19 and its 200-day simple moving average is $1,290.62. The firm has a market cap of $32.43 billion and a P/E 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.