Gecina: upbeat with broker upgrade

(CercleFinance.com) - Gecina is up nearly 3%, clearly outperforming the trend in Paris, buoyed by an upgrade of Jefferies' recommendation on the real estate group's stock from 'hold' to 'buy', with a price target raised from €101 to €120.


In the summary of its note, the broker believes that Gecina will continue to outperform its office property peers, and points to more attractive valuation metrics, mentioning a share price at 14 times expected FFO for 2024.

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