Grand City Properties (FRA:GYC) received a €21.03 ($24.45) target price from equities research analysts at Nord/LB in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Nord/LB’s price objective would indicate a potential downside of 6.70% from the company’s previous close.
GYC has been the subject of a number of other research reports. HSBC set a €27.50 ($31.98) target price on Grand City Properties and gave the stock a “buy” rating in a report on Wednesday. Oddo Bhf set a €21.00 ($24.42) target price on Grand City Properties and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Berenberg Bank set a €26.50 ($30.81) target price on Grand City Properties and gave the stock a “buy” rating in a report on Monday, May 20th. DZ Bank reiterated a “neutral” rating on shares of Grand City Properties in a report on Monday, May 20th. Finally, Goldman Sachs Group set a €22.50 ($26.16) target price on Grand City Properties and gave the stock a “buy” rating in a report on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of €24.78 ($28.81).
FRA:GYC opened at €22.54 ($26.21) on Wednesday. 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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