Stock analysts at Credit Suisse Group initiated coverage on shares of IRSA Propiedades Comerciales (NASDAQ:IRCP) in a research note issued to investors on Monday. The firm set an “outperform” rating on the financial services provider’s stock.
Separately, JPMorgan Chase & Co. restated a “buy” rating and set a $82.00 price target (up from $77.00) on shares of IRSA Propiedades Comerciales in a research note on Tuesday, February 20th.
IRSA Propiedades Comerciales (NASDAQ IRCP) remained flat at $$44.60 on Monday. 15,443 shares of the company were exchanged, compared to its average volume of 29,292. IRSA Propiedades Comerciales has a fifty-two week low of $41.20 and a fifty-two week high of $64.68. The stock has a market capitalization of $1,405.07, a price-to-earnings ratio of 1.70 and a beta of 0.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.31.
Large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new position in IRSA Propiedades Comerciales during the fourth quarter worth $127,000. Highland Capital Management LP acquired a new position in IRSA Propiedades Comerciales during the fourth quarter worth $424,000. J. Goldman & Co LP acquired a new position in IRSA Propiedades Comerciales during the fourth quarter worth $424,000. Goldman Sachs Group Inc. acquired a new position in IRSA Propiedades Comerciales during the fourth quarter worth $542,000. Finally, Itau Unibanco Holding S.A. acquired a new position in IRSA Propiedades Comerciales during the fourth quarter worth $1,413,000. Institutional investors own 7.32% of the company’s stock.
WARNING: “IRSA Propiedades Comerciales (IRCP) Research Coverage Started at Credit Suisse Group” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/12/irsa-propiedades-comerciales-ircp-research-coverage-started-at-credit-suisse-group.html.
IRSA Propiedades Comerciales Company Profile
IRSA Propiedades Comerciales SA is a commercial real estate company in Argentina. The Company is engaged in the ownership, lease, management, development, operation and purchase of shopping centers and office buildings. It operates through four segments: Shopping Centers, which includes the results from its commercial exploitation and development of shopping centers, derived from the lease and the provision of services related to the lease of retail stores and other spaces in the shopping centers; Offices and Others, which includes the acquisition, development and management of office buildings and other rental properties in Argentina; Sales and Developments, which includes the results of sales of undeveloped parcels of land and/or trading properties, and Financial Operation and Others, which includes the financial activities carried out by the associate Tarshop SA The Sales and Developments segment also includes the results of the sales of real property intended for rent.
Receive News & Ratings for IRSA Propiedades Comerciales Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IRSA Propiedades Comerciales and related companies with MarketBeat.com's FREE daily email newsletter.