Aroundtown SA (OTCMKTS:AANNF) Given Consensus Recommendation of “Hold” by Brokerages

Aroundtown SA (OTCMKTS:AANNF – Get Rating) has received an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have covered the stock in the last year is $3.15.

AANNF has been the subject of several research analyst reports. Berenberg Bank cut shares of Aroundtown from a “buy” rating to a “hold” rating in a research note on Tuesday, December 20th. UBS Group cut their price objective on shares of Aroundtown from €3.60 ($3.91) to €2.00 ($2.17) and set a “neutral” rating for the company in a research report on Tuesday, November 1st. JPMorgan Chase & Co. decreased their target price on Aroundtown from €3.10 ($3.37) to €2.90 ($3.15) in a research report on Monday, December 12th. Finally, Citigroup cut Aroundtown from a “buy” rating to a “neutral” rating in a report on Thursday, October 13th.

Aroundtown Stock Performance

Shares of Aroundtown stock opened at $2.34 on Wednesday. The company’s fifty day simple moving average is $2.43 and its 200-day simple moving average is $2.63. Aroundtown has a 1 year low of $1.82 and a 1 year high of $7.35.

About Aroundtown

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Aroundtown SA, together with its subsidiaries, operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally. It invests in commercial and residential real estate properties, such as office, hotel, logistics, wholesale, retail, and other properties. The company was formerly known as Aroundtown Property Holdings PLC and changed its name to Aroundtown SA in September 2017.