Aroundtown (OTCMKTS:AANNF) Downgraded by Societe Generale

Aroundtown (OTCMKTS:AANNF – Get Rating) was downgraded by stock analysts at Societe Generale from a “buy” rating to a “sell” rating in a research report issued on Wednesday, The Fly reports.

A number of other analysts have also recently weighed in on AANNF. Berenberg Bank cut shares of Aroundtown from a “buy” rating to a “hold” rating in a research report on Tuesday, December 20th. Citigroup cut shares of Aroundtown from a “buy” rating to a “neutral” rating in a research report on Thursday, October 13th. JPMorgan Chase & Co. decreased their price objective on shares of Aroundtown from €3.10 ($3.37) to €2.90 ($3.15) in a research report on Monday, December 12th. Finally, UBS Group decreased 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. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.13.

Aroundtown Price Performance

Shares of Aroundtown stock opened at $3.14 on Wednesday. The company has a fifty day moving average price of $2.52 and a 200 day moving average price of $2.62. Aroundtown has a twelve month low of $1.82 and a twelve month high of $7.17.

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.