Credit Suisse Group set a €25.20 ($29.30) price objective on Grand City Properties (FRA:GYC) in a research note released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other equities analysts have also issued research reports about the stock. Hauck & Aufhaeuser set a €23.00 ($26.74) price objective on shares of Grand City Properties and gave the company a neutral rating in a report on Wednesday, September 11th. HSBC set a €25.50 ($29.65) price objective on shares of Grand City Properties and gave the company a buy rating in a report on Monday, July 15th. Goldman Sachs Group set a €23.00 ($26.74) price objective on shares of Grand City Properties and gave the company a buy rating in a report on Monday, September 16th. JPMorgan Chase & Co. set a €24.50 ($28.49) price objective on shares of Grand City Properties and gave the company a neutral rating in a report on Monday, August 19th. Finally, DZ Bank reiterated a neutral rating on shares of Grand City Properties in a report on Monday, August 19th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of €23.70 ($27.55).
Shares of GYC opened at €19.85 ($23.08) on Wednesday. The firm’s fifty day simple moving average is €20.11 and its two-hundred day simple moving average is €21.18. Grand City Properties has a 12 month low of €16.61 ($19.31) and a 12 month 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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