Gecina: Berenberg renews its buy recommendation, target 120 euros

(CercleFinance.com) - On Wednesday, Berenberg renewed its buy recommendation and 120 euro price target on Gecina shares, 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 567 million euros, a transaction expected to be finalized in the first half of the year.

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

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