Barclays ups Cofinimmo by two notches, shares highest in 17 months

Alstria Office REIT AG

12/08/2021 09:52

** Belgian property investor Cofinimmo  COFB.BR  is up
nearly 3% on Thursday, hitting the highest price level since
March 2020, after Barclays' double upgrade to "overweight" from
"underweight"
    ** The brokerage ups its PT on the stock to EUR 148 what
implies about a 5% upside to the current price
    ** Barclays sees Cofinimmo as a solid prospect in a
resilient market and finds the company's portfolio positioning
both interesting and attractive 
    ** According to the broker, the company's healthcare
portfolio in particular is relatively defensive whilst
healthcare and office subsidiarisation are the company's main
growth drivers
    ** Barclays, which also downgraded German competitor Alstria
 AOXG.DE  post strong share performance, says it prefers
Cofinimmo
    **  Out of 13 analysts who cover the stock, ten rate it
"buy" and rate three it "hold" 

 (Reporting by Lucinda Langlands-Perry)
 ((Lucinda.Langlands-Perry@thomsonreuters.com))