Grand City Properties (FRA:GYC) has been assigned a €21.03 ($24.45) price objective by equities research analysts at Nord/LB in a research note issued on Monday, September 2nd, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Nord/LB’s target price indicates a potential upside of 6.75% from the stock’s previous close.

Other equities analysts have also issued reports about the company. HSBC set a €25.50 ($29.65) price target on Grand City Properties and gave the company a “buy” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. set a €24.50 ($28.49) price target on Grand City Properties and gave the company a “neutral” rating in a research note on Monday, August 19th. Deutsche Bank set a €23.50 ($27.33) price target on Grand City Properties and gave the company a “neutral” rating in a research note on Monday, September 2nd. Hauck & Aufhaeuser set a €23.00 ($26.74) price target on Grand City Properties and gave the company a “neutral” rating in a research note on Friday, June 7th. Finally, Jefferies Financial Group set a €20.00 ($23.26) price objective on Grand City Properties and gave the company a “neutral” rating in a research note on Monday, August 19th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of €23.72 ($27.58).

GYC traded up €0.34 ($0.40) during midday trading on Monday, reaching €19.70 ($22.91). The company had a trading volume of 203,210 shares. Grand City Properties has a 1 year low of €16.61 ($19.31) and a 1 year high of €20.14 ($23.42). The business has a 50-day moving average of €20.16 and a two-hundred day moving average of €21.19.

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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.

See Also: Initial Coin Offering (ICO)

Analyst Recommendations for Grand City Properties (FRA:GYC)

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