Gecina (OTCMKTS:GECFF) Raised to Buy at Zacks Investment Research


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Zacks Investment Research upgraded shares of Gecina (OTCMKTS:GECFF) from a hold rating to a buy rating in a report published on Wednesday, Zacks.com reports. Zacks Investment Research currently has $162.00 price objective on the stock.

According to Zacks, “Gecina SA is a real estate investment trust primarily in France. It owns, manages, develops and leases out offices, residential assets and student residences. Gecina SA is headquartered in Paris, France. “

A number of other equities analysts have also recently issued reports on GECFF. Bank of America raised shares of Gecina from a neutral rating to a buy rating in a research note on Monday, January 18th. Morgan Stanley reaffirmed an equal weight rating on shares of Gecina in a research note on Monday, February 22nd. Berenberg Bank reaffirmed a buy rating on shares of Gecina in a research note on Thursday, March 4th. Barclays reaffirmed an overweight rating on shares of Gecina in a research note on Tuesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating on shares of Gecina in a research note on Friday, February 19th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Gecina currently has a consensus rating of Buy and a consensus price target of $162.00.

Shares of Gecina stock opened at $144.61 on Wednesday. The firm has a 50 day simple moving average of $140.81 and a 200 day simple moving average of $143.92. Gecina has a fifty-two week low of $112.02 and a fifty-two week high of $159.40.

About Gecina

Gecina operates innovative and sustainable living spaces. The Group owns, manages and develops Europe's leading office portfolio, with nearly 97% located in the Paris Region, and a portfolio of residential assets and student residences, with over 9,000 apartments. These portfolios are valued at 20 billion euros at end-June 2020.

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