Grand City Properties (FRA:GYC) Given a €26.50 Price Target at Berenberg Bank
Berenberg Bank set a €26.50 ($30.81) price target on Grand City Properties (FRA:GYC) in a report issued on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
GYC has been the subject of a number of other research reports. DZ Bank reaffirmed a neutral rating on shares of Grand City Properties in a report on Monday, August 19th. Goldman Sachs Group set a €23.00 ($26.74) price objective on Grand City Properties and gave the stock a buy rating in a research note on Monday. Jefferies Financial Group set a €20.00 ($23.26) price target on Grand City Properties and gave the company a neutral rating in a research note on Monday. Credit Suisse Group set a €25.20 ($29.30) target price on Grand City Properties and gave the stock a buy rating in a research note on Tuesday, October 29th. Finally, Kepler Capital Markets set a €25.00 ($29.07) price target on Grand City Properties and gave the stock a buy rating in a report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Grand City Properties presently has a consensus rating of Hold and an average target price of €23.70 ($27.55).
Shares of Grand City Properties stock remained flat at $€21.38 ($24.86) on Monday. 285,374 shares of the stock were exchanged. The firm’s 50 day simple moving average is €20.80 and its 200 day simple moving average is €20.94. 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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