Federation Centres Downgraded by Deutsche Bank (FDC)
Federation Centres (ASX:FDC) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report issued on Wednesday. They currently have a $2.65 price objective on the stock.
A number of other firms have also recently commented on FDC. Analysts at Morningstar reiterated a “hold” rating on shares of Federation Centres in a research note on Wednesday. They now have a $2.50 price target on the stock.
Shares of Federation Centres (ASX:FDC) traded up 0.37% during mid-day trading on Wednesday, hitting A$2.740. 5,604,821 shares of the company’s stock traded hands. Federation Centres has a 52-week low of A$2.160 and a 52-week high of A$2.820. The stock’s 50-day moving average is A$2.56 and its 200-day moving average is A$2.46. The company has a market cap of A$3.912 billion and a price-to-earnings ratio of 8.86.
Federation Centres Limited is a Real Estate Investment Trust (ASX:FDC).
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