Kepler upgrades Grand City Properties stock to Buy at EUR 8.50

Published on 10/13/2026 at 01:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kepler upgraded Grand City Properties stock to Buy on October 7, 2026. Target is EUR 8.50, with a EUR 500 million bond due October 13, 2028.

Key points in brief

Kepler Cheuvreux upgraded Grand City Properties from Hold to Buy and set an EUR 8.50 price target on October 7, 2026.
The company launched a EUR 500 million fixed-to-floating-rate bond due October 13, 2028.
The last Xetra price was EUR 6.55 on October 12, 2026, against a 52-week range of EUR 6.48 to EUR 11.58.
Grand City Properties reported Q2 2026 revenue of EUR 155.71 million and diluted earnings per share of EUR 0.32.

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Grand City Properties (LU0775917882) received a Buy upgrade from Hold with an EUR 8.50 price target on October 7, 2026, according to Markets Insider. The latest funding move was a EUR 500 million fixed-to-floating-rate bond due October 13, 2028, reported by Yahoo Finance on October 10, 2026.

Three dates shape the story

On August 12, 2026, Grand City Properties reported second-quarter revenue of EUR 155.71 million and diluted earnings per share of EUR 0.32 in its H1 2026 results listed on the company investor-relations page. On October 7, 2026, Kepler Cheuvreux raised the rating from Hold to Buy and set the EUR 8.50 target, according to Markets Insider. On October 10, 2026, the company launched the EUR 500 million bond due in 2028, according to Yahoo Finance.

What does the bond mean for funding?

The EUR 500 million issue adds a measurable refinancing tool while introducing exposure to floating-rate financing through its October 2028 maturity. That structure makes funding costs an important counterweight to the EUR 8.50 analyst target, particularly as the latest Xetra price stood below that target.

Results and dates to watch

The company investor-relations page lists Q2 2026 revenue of EUR 155.71 million and diluted earnings per share of EUR 0.32, compared with Q1 2026 revenue of EUR 153.58 million and diluted earnings per share of EUR 0.17. The next dated events are the bond maturity on October 13, 2028, and the Q3 2026 financial report on November 11, 2026, according to the company investor-relations page.

Stock remains below its yearly high

The last Xetra price was EUR 6.55 on October 12, 2026 at 5:35 p.m. CEST. The 52-week range was EUR 6.48 to EUR 11.58, placing the price 43.44 percent below the high, while market capitalization stood at EUR 1.2 billion. The further course of trading is shown by the continuously updated real-time quote of Grand City Properties stock.