Deutsche Bank Downgrades Federation Centres to Hold (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 Thursday. They currently have a $2.65 price objective on the stock.
Shares of Federation Centres (ASX:FDC) traded down 1.80% on Thursday, hitting A$2.730. 3,883,877 shares of the company’s stock traded hands. Federation Centres has a one year low of A$2.160 and a one year high of A$2.820. The stock has a 50-day moving average of A$2.61 and a 200-day moving average of A$2.4. The company has a market cap of A$3.897 billion and a price-to-earnings ratio of 9.03.
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, August 27th. They now have a $2.50 price target on the stock.
Federation Centres Limited is a Real Estate Investment Trust (ASX:FDC).
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