(Boursier.com) — The real estate sector has recovered in Europe recently in the wake of the easing of bond yields on both sides of the Atlantic. Icade stands at 33.60 euros this Wednesday, while Goldman Sachs remains ‘neutral’ on the issue with an adjusted price target of 32 to 32.90 euros. Deutsche Bank had previously adjusted its target from 35 to 32 euros with a ‘hold’ rating and Invest Securities had reduced its target to 43.5 euros, while remaining ‘buy’. The land sector has recently benefited from the clear easing of bond yields in Europe and the United States, while the cycle of central bank rate increases has ended due to the cooling of inflation…
The real estate company Icade, for its part, confirmed at the end of October that it was targeting a pro forma net current cash flow per 2023 share of between 2.95 and 3.05 euros, including the effect of 2023 disposals. “Icade is continuing its strategic analysis for the years to come and finalize its new plan, which will be announced in early 2024,” explained the real estate group.
©2023 Boursier.com