Grand City Properties (OTCMKTS:GRNNF) Trading Down 11.4%

Grand City Properties S.A. (OTCMKTS:GRNNFGet Rating) shares dropped 11.4% during trading on Thursday . The company traded as low as $10.07 and last traded at $10.07. Approximately 298 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,052 shares. The stock had previously closed at $11.36.

Analyst Upgrades and Downgrades

GRNNF has been the subject of a number of analyst reports. Barclays reduced their price target on Grand City Properties from €16.80 ($17.14) to €11.20 ($11.43) and set an “underweight” rating for the company in a research report on Friday, September 16th. JPMorgan Chase & Co. reduced their price target on Grand City Properties from €23.00 ($23.47) to €14.00 ($14.29) and set a “neutral” rating for the company in a research report on Friday, September 16th. Finally, The Goldman Sachs Group upgraded Grand City Properties from a “neutral” rating to a “buy” rating in a research report on Thursday, September 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.60.

Grand City Properties Stock Performance

The firm has a 50-day moving average of $10.10 and a 200-day moving average of $12.80.

About Grand City Properties

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Grand City Properties SA engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; metropolitan regions of Dresden, Leipzig, and Halle; and the cities in the north of Germany, Bremen, Hamburg, and Hannover, as well as other urban centers, such as Nuremberg, Munch, Mannheim, Frankfurt, and London.

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