Grand City Properties SA (GYC) Receives Consensus Recommendation of “Buy” from Analysts

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Grand City Properties SA (FRA:GYC) has been assigned an average recommendation of “Buy” from the sixteen research firms that are covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is €24.44 ($28.42).

Several brokerages have recently issued reports on GYC. UBS Group set a €28.00 ($32.56) price target on Grand City Properties and gave the company a “buy” rating in a research note on Wednesday. Citigroup set a €31.17 ($36.24) price target on Grand City Properties and gave the company a “buy” rating in a research note on Friday, June 1st. Deutsche Bank set a €24.50 ($28.49) price target on Grand City Properties and gave the company a “buy” rating in a research note on Tuesday, May 29th. 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 Friday, August 17th. Finally, Commerzbank set a €22.00 ($25.58) price target on Grand City Properties and gave the company a “neutral” rating in a research note on Wednesday, May 23rd.

Shares of GYC traded down €0.10 ($0.12) during trading hours on Friday, hitting €23.42 ($27.23). 237,441 shares of the stock traded hands. Grand City Properties has a 1-year low of €16.61 ($19.31) and a 1-year high of €20.14 ($23.42).

Grand City Properties Company Profile

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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Analyst Recommendations for Grand City Properties (FRA:GYC)

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