Gecina: Invest Securities adjusts target price

(CercleFinance.com) - Invest Securities maintains its "neutral" recommendation on Gecina shares, trimming its target price for them from 123 euros to 120 euros, proportional to the revision of its normative underlying EPS estimate (2025 underlying EPS estimate of 6.
80 euros) and its perception of risk remaining unchanged.

The progress of commercialisations is encouraging, while the polarisation between locations seems to be increasingly marked and is taking place without contagion from outskirts to the capital, the analyst notes after his contact with the real estate company.

Invest Securities has reduced its 2021 underlying EPS estimate slightly (-1.8% to 5.30 euros), and warns that the continued strategic refocusing, while beneficial from a qualitative viewpoint, will weigh on the results.

The share is currently up about 0.3% at about 133 euros.


Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.