Mitsubishi Estate Co Ltd (MITEY) Upgraded at Zacks Investment Research

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Mitsubishi Estate Co Ltd (OTCMKTS:MITEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday. The brokerage presently has a $21.00 target price on the stock. Zacks Investment Research’s price target indicates a potential upside of 10.82% from the stock’s previous close.
Mitsubishi Estate Co (OTCMKTS:MITEY) opened at 18.95 on Friday. The company’s 50 day moving average is $19.18 and its 200 day moving average is $18.97. Mitsubishi Estate Co has a 12 month low of $17.10 and a 12 month high of $22.23. The stock has a market cap of $26.29 billion and a PE ratio of 30.22.

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About Mitsubishi Estate Co
Mitsubishi Estate Co, Ltd. is engaged in the development of real estate, including office buildings, residential properties and commercial properties. The Building Business segment is engaged in the development, leasing and property management of office buildings. Its Lifestyle Property segment operates the PREMIUM OUTLETS, MARK IS and other retail facilities.

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