UBS Group set a €28.00 ($32.56) price objective on Grand City Properties (FRA:GYC) in a research note published on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other equities analysts have also issued reports about the company. Kepler Capital Markets set a €25.00 ($29.07) price objective on Grand City Properties and gave the stock a buy rating in a report on Monday, March 18th. Goldman Sachs Group set a €22.80 ($26.51) price target on Grand City Properties and gave the company a buy rating in a research note on Monday, March 18th. Berenberg Bank set a €26.50 ($30.81) price target on Grand City Properties and gave the company a buy rating in a research note on Monday, March 18th. DZ Bank reaffirmed a buy rating on shares of Grand City Properties in a research note on Tuesday, March 5th. Finally, HSBC set a €27.50 ($31.98) price target on Grand City Properties and gave the company a buy rating in a research note on Wednesday, April 24th. Six 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 currently has an average rating of Buy and a consensus target price of €24.39 ($28.36).
Shares of GYC stock opened at €22.06 ($25.65) on Thursday. Grand City Properties has a 12-month low of €16.61 ($19.31) and a 12-month high of €20.14 ($23.42).
About Grand City Properties
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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