Gecina (OTCMKTS:GECFF) Sets New 1-Year Low – Here’s What Happened

Gecina (OTCMKTS:GECFF) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as $69.00 and last traded at $69.00, with a volume of 33 shares trading hands. The stock had previously closed at $78.00.

Analysts Set New Price Targets

Separately, BNP Paribas Exane assumed coverage on shares of Gecina in a research report on Wednesday, July 1st. They set an “underperform” rating on the stock. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Gecina Stock Performance

The business has a 50 day moving average of $78.31 and a 200 day moving average of $81.87.

About Gecina

Gecina is a French real estate company that owns, manages and develops property assets, with a focus on office buildings and residential real estate. The company’s portfolio is concentrated in the Paris region, particularly in Paris and the surrounding areas.

Its activities include leasing and managing office properties for businesses, as well as residential buildings and student housing. Gecina also undertakes property development, renovation and asset-management initiatives designed to maintain and enhance the quality, sustainability and long-term usability of its buildings.

Founded in 1959, Gecina has developed into one of France’s major listed real estate companies.