Exane BNP Paribas downgraded shares of Icade (OTCMKTS:CDMGF – Get Rating) from an outperform rating to a neutral rating in a research note published on Monday, The Fly reports. The firm currently has €41.00 ($41.84) price objective on the stock.

Several other equities research analysts also recently issued reports on the company. Societe Generale lowered their price target on Icade from €81.50 ($83.16) to €68.50 ($69.90) and set a buy rating for the company in a report on Friday, June 17th. Barclays lowered their price target on Icade from €70.00 ($71.43) to €65.00 ($66.33) in a report on Tuesday, July 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Icade from €74.00 ($75.51) to €50.00 ($51.02) and set a hold rating for the company in a report on Wednesday, June 15th. JPMorgan Chase & Co. reduced their price objective on Icade from €70.00 ($71.43) to €55.00 ($56.12) in a research report on Monday, September 19th. Finally, UBS Group reduced their price objective on Icade from €75.00 ($76.53) to €60.00 ($61.22) and set a buy rating for the company in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $58.96.

Icade Stock Performance

Shares of Icade stock opened at $38.00 on Monday. Icade has a 1 year low of $38.00 and a 1 year high of $79.30. The business has a 50-day moving average of $46.86 and a two-hundred day moving average of $53.91.

About Icade

As an investor and a developer, Icade is an integrated real estate player that designs innovative real estate products and services adapted to new urban lifestyles and habits. By placing corporate social responsibility and innovation at the core of its strategy, Icade is closely involved with stakeholders and users in the citieslocal authorities and communities, companies and employees, institutions and associations.

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