The Goldman Sachs Group lowered shares of Gecina (OTCMKTS:GECFF – Free Report) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks reports.
Gecina Price Performance
Shares of GECFF stock remained flat at $71.75 on Wednesday. Gecina has a twelve month low of $69.00 and a twelve month high of $94.74. The company’s 50 day moving average is $73.57 and its two-hundred day moving average is $82.06.
About Gecina
Gecina is a French real estate investment company that owns, develops and manages property assets, with a primary focus on office and residential real estate. The company’s portfolio is concentrated in Paris and the surrounding Île-de-France region, one of Europe’s largest commercial and residential property markets.
Gecina provides professionally managed workspaces for businesses and housing for individual tenants. Its activities also include student residences and related real estate services, giving the company exposure to several segments of the urban property market.
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