Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Corem Property Group AB Class A ( ($SE:CORE.A) ) has shared an update.
Scope Ratings has downgraded Corem Property Group’s credit rating from BBB- with a negative outlook to BB+ with a stable outlook, citing risks linked to higher average vacancy following recent divestments and pressure on the company’s interest coverage ratio based on its third-quarter results and subsequent information. Corem’s CEO Rutger Arnhult said the positive drivers highlighted by Scope are in line with the company’s strategy, stressing a focus on leasing opportunities, strengthening key financial metrics and using selective property transactions to enhance portfolio efficiency after a period of capital freeing, developments that are closely watched by investors and creditors amid a challenging real estate financing environment.
The most recent analyst rating on ($SE:CORE.A) stock is a Hold with a SEK4.50 price target. To see the full list of analyst forecasts on Corem Property Group AB Class A stock, see the SE:CORE.A Stock Forecast page.
More about Corem Property Group AB Class A
Corem Property Group AB is a Swedish real estate company that sustainably owns, manages and develops commercial properties in urban and growth areas, and its shares are listed on Nasdaq Stockholm’s Large Cap segment.
Average Trading Volume: 8,410
Technical Sentiment Signal: Sell
Current Market Cap: SEK7.24B
For an in-depth examination of CORE.A stock, go to TipRanks’ Overview page.