Icade (OTCMKTS:CDMGF) Downgraded by Morgan Stanley to “Equal Weight”

Morgan Stanley downgraded shares of Icade (OTCMKTS:CDMGFGet Rating) from an overweight rating to an equal weight rating in a research report sent to investors on Thursday, The Fly reports.

Several other brokerages have also recently weighed in on CDMGF. Citigroup cut shares of Icade from a neutral rating to a sell rating in a research note on Thursday, November 3rd. UBS Group dropped their target price on shares of 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. JPMorgan Chase & Co. dropped their target price on shares of Icade from €70.00 ($71.43) to €55.00 ($56.12) in a research report on Monday, September 19th. Exane BNP Paribas cut shares of Icade from an outperform rating to a neutral rating and set a €41.00 ($41.84) target price for the company. in a research report on Monday, September 26th. Finally, The Goldman Sachs Group cut shares of Icade from a neutral rating to a sell rating in a research report on Tuesday, October 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $58.96.

Icade Stock Performance

Shares of Icade stock opened at $42.42 on Thursday. Icade has a twelve month low of $34.00 and a twelve month high of $76.00. The company has a 50-day simple moving average of $38.28 and a two-hundred day simple moving average of $47.01.

About Icade

(Get Rating)

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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Analyst Recommendations for Icade (OTCMKTS:CDMGF)

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