Icade (OTCMKTS:CDMGF) Price Target Lowered to €50.00 at Deutsche Bank Aktiengesellschaft

Icade (OTCMKTS:CDMGFGet Rating) had its price objective dropped by equities researchers at Deutsche Bank Aktiengesellschaft from €74.00 ($77.08) to €50.00 ($52.08) in a report issued on Wednesday, The Fly reports. The firm currently has a “hold” rating on the stock.

A number of other equities analysts have also issued reports on the company. Morgan Stanley decreased their price objective on Icade from €78.00 ($81.25) to €68.00 ($70.83) in a report on Monday, March 28th. Barclays raised shares of Icade from an “underweight” rating to an “overweight” rating in a report on Thursday, March 10th. Finally, Citigroup lowered their target price on shares of Icade to €64.20 ($66.88) and set a “neutral” rating on the stock in a research note on Wednesday, April 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.60.

OTCMKTS CDMGF opened at $58.16 on Wednesday. The company has a 50-day moving average price of $61.33 and a two-hundred day moving average price of $65.95. Icade has a 52 week low of $54.00 and a 52 week high of $92.93.

About Icade (Get Rating)

As an investor and a developer, Icade is an integrated real estate player that designs innovative real estate products and services adapted to new urban lifestyles and habits. By placing corporate social responsibility and innovation at the core of its strategy, Icade is closely involved with stakeholders and users in the citieslocal authorities and communities, companies and employees, institutions and associations.

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