Nord/LB set a €21.03 ($24.45) price objective on Grand City Properties (FRA:GYC) in a research note released on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other research analysts also recently issued reports on GYC. Berenberg Bank set a €26.50 ($30.81) price objective on Grand City Properties and gave the stock a buy rating in a report on Monday, November 18th. Deutsche Bank set a €23.50 ($27.33) target price on Grand City Properties and gave the company a neutral rating in a research note on Tuesday, November 19th. UBS Group set a €28.00 ($32.56) target price on Grand City Properties and gave the stock a buy rating in a research report on Wednesday, September 4th. Credit Suisse Group set a €25.20 ($29.30) price target on Grand City Properties and gave the company a buy rating in a research note on Tuesday, October 29th. Finally, Kepler Capital Markets set a €25.00 ($29.07) price target on Grand City Properties and gave the company a buy rating in a report on Monday, November 18th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of €23.63 ($27.48).
Shares of Grand City Properties stock opened at €20.78 ($24.16) on Thursday. The firm has a 50 day simple moving average of €20.95 and a 200 day simple moving average of €20.87. Grand City Properties has a fifty-two week low of €16.61 ($19.31) and a fifty-two 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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