Gecina: Oddo maintains buy rating
(CercleFinance.com) - Yesterday evening Gecina announced that it has secured 75% of its 2021 rental maturities outside Paris and Neuilly-sur-Seine, thanks to the signature of two leases for more than 50,000m2 with telecom group Orange, Oddo says.
In addition, five office blocks have been sold in the inner suburbs for 112 million euros.
Analysts say that they believe that Gecina is the most resilient large office real estate company today.
As a result, Oddo is maintaining its buy rating on the stock, with a target price of 160 euros (27% upside potential) - it is however, down almost 2% one hour from close this Friday.
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