Goldman Sachs Group set a €22.90 ($26.63) target price on Grand City Properties (FRA:GYC) in a research note published on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other research firms also recently issued reports on GYC. Hauck & Aufhaeuser set a €23.00 ($26.74) price objective on shares of Grand City Properties and gave the company a neutral rating in a report on Friday, June 7th. Berenberg Bank set a €26.50 ($30.81) price objective on shares of Grand City Properties and gave the company a buy rating in a report on Tuesday, June 11th. Bank of America set a €22.00 ($25.58) price target on shares of Grand City Properties and gave the stock a buy rating in a report on Thursday, July 4th. DZ Bank reaffirmed a neutral rating on shares of Grand City Properties in a report on Tuesday, July 2nd. Finally, Oddo Bhf set a €21.00 ($24.42) price target on shares of Grand City Properties and gave the stock a neutral rating in a report on Tuesday, May 21st. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of €24.07 ($27.98).
FRA GYC opened at €19.66 ($22.86) on Monday. Grand City Properties has a 12-month low of €16.61 ($19.31) and a 12-month high of €20.14 ($23.42). The firm has a 50-day moving average price of €20.64 and a two-hundred day moving average price of €21.36.
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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