Partners Group (OTCMKTS:PGPHF) Shares Gap Down – Here’s What Happened

Partners Group Holding AG (OTCMKTS:PGPHF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $897.4050, but opened at $866.4320. Partners Group shares last traded at $866.4320, with a volume of 73 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PGPHF shares. Citigroup lowered shares of Partners Group from a “buy” rating to a “sell” rating in a research report on Monday, April 13th. Oddo Bhf lowered shares of Partners Group to a “neutral” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Partners Group Stock Performance

The company has a market capitalization of $22.47 billion and a PE ratio of 89.62. The firm’s 50-day simple moving average is $1,082.79 and its 200 day simple moving average is $1,152.19.

Partners Group (OTCMKTS:PGPHF) last issued its earnings results on Friday, May 15th. The company reported $0.04 EPS for the quarter. The company had revenue of $11.20 million for the quarter.

Partners Group Company Profile

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.