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Gecina: Berenberg renews buy rating, TP E120

(CercleFinance.com) - On Wednesday, Berenberg renewed its buy recommendation on Gecina shares, with a E120 target price, deeming the real estate group well positioned with its tightened portfolio.


In a research note, the analyst points out that last month the company completed the sale of its student residences for E567m, a transaction expected to be finalised in H1.

Following this transaction, the broker maintains its positive opinion on the company's strategic positioning, as well as its financial profile.


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