Grand City Properties (FRA:GYC) has been assigned a €20.20 ($23.49) price objective by equities research analysts at Credit Suisse Group in a research note issued on Friday. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price target would suggest a potential downside of 9.34% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Goldman Sachs Group set a €18.80 ($21.86) price target on Grand City Properties and gave the company a “neutral” rating in a report on Monday, March 19th. DZ Bank reiterated a “buy” rating on shares of Grand City Properties in a report on Tuesday, March 20th. Deutsche Bank set a €24.50 ($28.49) price target on Grand City Properties and gave the company a “buy” rating in a report on Tuesday, May 29th. Citigroup set a €31.17 ($36.24) price target on Grand City Properties and gave the company a “buy” rating in a report on Friday, June 1st. Finally, Nord/LB set a €19.50 ($22.67) price target on Grand City Properties and gave the company a “neutral” rating in a report on Thursday, April 26th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Grand City Properties presently has an average rating of “Buy” and a consensus price target of €23.59 ($27.43).
Shares of FRA GYC traded up €0.08 ($0.09) during midday trading on Friday, hitting €22.28 ($25.91). The stock had a trading volume of 51,728 shares. 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 operates as a real estate company. The company invests in, purchases, redevelops, manages, and sells residential properties in Berlin, North Rhine Westphalia, Dresden, Leipzig, Halle, Nuremberg, Munich, Mannheim, Frankfurt, Bremen, and Hamburg, Germany, as well as in London. Grand City Properties SA was incorporated in 2011 and is based in Luxembourg City, Luxembourg.
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