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

Mitsubishi Estate Co Ltd (OTCMKTS:MITEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, May 23rd. The firm currently has a $21.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 9.78% from the stock’s previous close.

Mitsubishi Estate Co (OTCMKTS:MITEY) traded down 1.65% during mid-day trading on Tuesday, reaching $19.13. 38,937 shares of the company traded hands. The stock has a market capitalization of $26.55 billion and a price-to-earnings ratio of 28.42. Mitsubishi Estate Co has a 12-month low of $17.10 and a 12-month high of $21.03. The company’s 50-day moving average is $19.11 and its 200-day moving average is $19.41.

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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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