Grand City Properties (FRA:GYC) has been given a €24.50 ($28.49) price objective by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.57% from the company’s previous close.
GYC has been the topic of a number of other research reports. Nord/LB set a €21.03 ($24.45) price objective on Grand City Properties and gave the stock a “neutral” rating in a report on Monday, March 25th. DZ Bank reaffirmed a “buy” rating on shares of Grand City Properties in a report on Tuesday, March 5th. Berenberg Bank set a €26.50 ($30.81) price objective on Grand City Properties and gave the stock a “buy” rating in a report on Thursday, December 27th. Goldman Sachs Group set a €22.50 ($26.16) price objective on Grand City Properties and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, UBS Group set a €29.00 ($33.72) price objective on Grand City Properties and gave the stock a “buy” rating in a report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of €24.98 ($29.05).
Shares of GYC stock opened at €21.20 ($24.65) on Tuesday. Grand City Properties has a 1-year low of €16.61 ($19.31) and a 1-year high of €20.14 ($23.42).
Grand City Properties Company Profile
Grand City Properties SA invests in and manages real estate properties in Germany. The company engages in buying, re-developing, optimizing, and repositioning real estate properties in Berlin, North Rhine Westphalia, Dresden, Leipzig, Halle, Nuremberg, Munich, Mannheim, Frankfurt, Bremen, and Hamburg.
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