Shares of Grand City Properties S.A. (FRA:GYC) have been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is €23.44 ($27.57).
Several equities analysts have recently issued reports on the company. Nord/LB set a €20.00 ($23.53) price objective on Grand City Properties and gave the company a “neutral” rating in a research note on Tuesday, December 8th. The Goldman Sachs Group set a €24.80 ($29.18) price objective on Grand City Properties and gave the company a “buy” rating in a research note on Thursday, January 28th. Berenberg Bank set a €25.00 ($29.41) price objective on Grand City Properties and gave the company a “buy” rating in a research note on Monday, November 16th. Jefferies Financial Group set a €20.00 ($23.53) price objective on Grand City Properties and gave the company a “neutral” rating in a research note on Monday, November 16th. Finally, JPMorgan Chase & Co. set a €24.50 ($28.82) target price on Grand City Properties and gave the stock a “buy” rating in a research report on Friday, January 15th.
Grand City Properties stock traded down €0.10 ($0.12) during midday trading on Tuesday, reaching €20.36 ($23.95). 321,954 shares of the stock traded hands. The company has a 50-day simple moving average of €20.73 and a two-hundred day simple moving average of €20.73. Grand City Properties has a 12-month low of €16.61 ($19.54) and a 12-month high of €20.14 ($23.69).
Grand City Properties Company Profile
Grand City Properties SA engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in Berlin, North Rhine Westphalia, Dresden, Leipzig, Halle, Nuremberg, FÃ¼rth, Munich, Mannheim, Frankfurt, Bremen, London, Mainz, and Hamburg.
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