Green Reit (LON:GRN) Downgraded by Berenberg Bank to Hold

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Berenberg Bank downgraded shares of Green Reit (LON:GRN) to a hold rating in a research report sent to investors on Thursday morning, Digital Look reports. The brokerage currently has GBX 1.91 ($0.02) price target on the stock, down from their prior price target of GBX 2 ($0.03).

LON:GRN opened at GBX 1.91 ($0.02) on Thursday. The firm has a market capitalization of $13.29 million and a PE ratio of 9.82. The stock has a 50 day moving average of GBX 1.84 and a 200-day moving average of GBX 3.42. Green Reit has a 52 week low of GBX 1.74 ($0.02) and a 52 week high of GBX 178.60 ($2.33). The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 20.22.

Green Reit Company Profile

Green REIT Plc is an Irish Real Estate Investment Trust ("REIT") and is listed on the Irish and London Stock Exchanges. The Company was the first REIT established in Ireland following the introduction of REIT legislation by the Irish Government. The Company's stated strategy is to create a property portfolio consisting primarily of commercial property in Ireland to deliver income and capital growth through opportunistic investments, active property management and prudent use of debt finance.

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