Grand City Properties (FRA:GYC) Given a €26.50 Price Target by Berenberg Bank Analysts
Grand City Properties (FRA:GYC) received a €26.50 ($30.81) target price from analysts at Berenberg Bank in a report released on Monday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 37.81% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. Oddo Bhf set a €21.00 ($24.42) target price on shares of Grand City Properties and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Jefferies Financial Group set a €20.00 ($23.26) target price on shares of Grand City Properties and gave the stock a “neutral” rating in a report on Monday, June 24th. JPMorgan Chase & Co. set a €24.50 ($28.49) target price on shares of Grand City Properties and gave the stock a “neutral” rating in a report on Monday. Hauck & Aufhaeuser set a €23.00 ($26.74) target price on shares of Grand City Properties and gave the stock a “neutral” rating in a report on Friday, June 7th. Finally, UBS Group set a €28.00 ($32.56) price objective on shares of Grand City Properties and gave the company a “buy” rating in a report on Friday, June 21st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of €24.07 ($27.98).
Grand City Properties stock opened at €19.23 ($22.36) on Monday. Grand City Properties has a 52-week low of €16.61 ($19.31) and a 52-week high of €20.14 ($23.42). The company has a fifty day simple moving average of €20.65 and a 200-day simple moving average of €21.37.
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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