Grand City Properties (FRA:GYC) received a €27.00 ($31.76) target price from analysts at UBS Group in a research note issued on Monday, Borsen Zeitung reports. UBS Group’s price objective suggests a potential upside of 20.00% from the company’s current price.
A number of other research analysts have also recently issued reports on the stock. The Goldman Sachs Group set a €25.80 ($30.35) price target on shares of Grand City Properties in a report on Wednesday, September 1st. Kepler Capital Markets set a €27.00 ($31.76) target price on shares of Grand City Properties in a report on Monday, August 16th. Nord/LB set a €23.00 ($27.06) target price on shares of Grand City Properties in a report on Friday, July 16th. Deutsche Bank Aktiengesellschaft set a €24.00 ($28.24) price target on shares of Grand City Properties in a research report on Wednesday, September 1st. Finally, Berenberg Bank set a €26.00 ($30.59) price target on shares of Grand City Properties in a research report on Monday, August 23rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of €24.73 ($29.09).
FRA:GYC opened at €22.50 ($26.47) on Monday. Grand City Properties has a 52 week low of €16.61 ($19.54) and a 52 week high of €20.14 ($23.69). The firm has a 50 day moving average of €22.89 and a 200 day moving average of €22.56.
Grand City Properties SA engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; metropolitan regions of Dresden, Leipzig, and Halle; and the cities in the north of Germany, Bremen, Hamburg, and Hannover, as well as other urban centers, such as Nuremberg, Munch, Mannheim, Frankfurt, and London.
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