Mitsubishi Estate Co Ltd (MITEY) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Mitsubishi Estate Co Ltd (OTCMKTS:MITEY) from a hold rating to a buy rating in a research report report published on Tuesday morning. The brokerage currently has $21.00 target price on the stock.

Shares of Mitsubishi Estate Co (OTCMKTS:MITEY) opened at 18.80 on Tuesday. Mitsubishi Estate Co has a 12 month low of $17.10 and a 12 month high of $21.03. The company has a 50 day moving average price of $18.96 and a 200-day moving average price of $19.51. The firm has a market capitalization of $26.09 billion and a PE ratio of 28.27.

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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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