Grand City Properties (GYC) Given a €20.00 Price Target at Jefferies Financial Group
Grand City Properties (FRA:GYC) has been assigned a €20.00 ($23.26) target price by equities researchers at Jefferies Financial Group in a note issued to investors on Monday. The brokerage currently has a “neutral” rating on the stock. Jefferies Financial Group’s price target indicates a potential downside of 3.94% from the stock’s previous close.
Several other equities research analysts have also commented on GYC. Berenberg Bank set a €23.00 ($26.74) price target on shares of Grand City Properties and gave the company a “buy” rating in a research report on Friday, August 17th. JPMorgan Chase & Co. set a €22.00 ($25.58) target price on shares of Grand City Properties and gave the stock a “neutral” rating in a report on Monday. Kepler Capital Markets set a €25.00 ($29.07) target price on shares of Grand City Properties and gave the stock a “buy” rating in a report on Monday. Oddo Bhf set a €21.00 ($24.42) target price on shares of Grand City Properties and gave the stock a “neutral” rating in a report on Monday, August 20th. Finally, UBS Group reissued a “buy” rating on shares of Grand City Properties in a report on Tuesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Grand City Properties presently has a consensus rating of “Buy” and a consensus target price of €24.71 ($28.73).
FRA GYC opened at €20.82 ($24.21) on Monday. 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 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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