Report
EUR 12.94 For Business Accounts Only

Increased risk weighs on ICADE, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of ICADE (FR), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date December 21, 2021, the closing price was EUR 61.80 and its target price was estimated at EUR 57.49.
Underlying
Icade SA

Icade is a property developer/real estate investment trust (REIT). Co. offers its clients and business partners a range of complementary products and expertise in the development, design, contracting, marketing, and administrative and technical management of their properties. Co.'s activities are segmented into three divisions: Property Investment, Property Development, and Services. Property Investment focuses especially energy, water, waste and carbon comprises significant properties; Property Development targets properties and operations whose service orders were launched during the year, and Services division manages office buildings and housing units on behalf of third parties.

Provider
TheScreener
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