Credit Suisse raises PT on New Zealand's Investore Property

Investore Property

22/05/2019 03:38

** Shares of Investore Property Ltd  IPL.NZ  rise as much as
1.8% to NZ$1.71
    ** Credit Suisse raises price target on the property firm's
stock to NZ$1.58 from NZ$1.48; retains "neutral" rating
    ** Co's portfolio remains in good shape with occupancy
stable at 99.9%; near-term lease expiries remain minimal at 1.1%
of contract rent in FY20 - CS
    ** More than 867,000 shares change hands, compared with the
30-day average volume of more about 155,000
    ** Two of 5 analysts rate stock "buy" or higher and 3
"hold"; median PT NZ$1.60 – Refinitiv Eikon data
    ** As of last close, stock has risen about 10% this year

 ((Reuters Messaging:
abyjose.koilparambil.thomsonreuters.com@reuters.net))