Grand City Properties (FRA:GYC) has been assigned a €21.03 ($24.45) price objective by stock analysts at Nord/LB in a report released on Friday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Nord/LB’s target price indicates a potential downside of 9.28% from the company’s current price.
GYC has been the subject of several other reports. Deutsche Bank set a €23.50 ($27.33) price objective on shares of Grand City Properties and gave the company a “neutral” rating in a report on Tuesday, November 19th. DZ Bank restated a “neutral” rating on shares of Grand City Properties in a research report on Thursday, January 16th. JPMorgan Chase & Co. set a €24.50 ($28.49) price target on Grand City Properties and gave the company a “buy” rating in a research note on Thursday, January 16th. Barclays set a €22.70 ($26.40) price target on Grand City Properties and gave the company a “neutral” rating in a research report on Thursday, January 9th. Finally, Credit Suisse Group set a €25.20 ($29.30) price objective on Grand City Properties and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Grand City Properties presently has an average rating of “Hold” and an average price target of €23.65 ($27.49).
GYC stock opened at €23.18 ($26.95) on Friday. The firm’s 50-day moving average is €21.48 and its two-hundred day moving average is €20.78. Grand City Properties has a 52 week low of €16.61 ($19.31) and a 52 week high of €20.14 ($23.42).
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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