Breaking The Old 52 Week Low, Gazit Globe Ltd (NYSE:GZT) Closing At $7.81

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Gazit Globe Ltd (NYSE:GZT)

December 7th, 2018
Amidst falling markets Gazit Globe Ltd closed Friday up 0.26%, a $0.02 increase to close on $7.81. Despite ending the day higher, Gazit Globe Ltd hit a new 52 week low of $7.60, breaking the previous low of $7.70 from earlier this month. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.44.

GZT outperformed the rest of the Real Estate sector which went down 1.44% today.

Forecasts from 1 analyst suggest that Gazit Globe Ltd might go up significantly (21%), while Finbox has calculated (with high uncertainty) a fair value price of $4.76.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.40%), while Information Technology saw the biggest drop (3.53%). Healthcare has seen the biggest year-to-date gain at 9.38%. The biggest loss this year has been the Materials sector declining 15%.

Utilities saw the biggest turnaround from its 5-day performance of 2.89%, as it went up 0.40%. Real Estate saw a turn around from its 5-day performance of 1.28% trading down 1.44%.

Sector Breakdown

  • Utilities went up with a 0.40% change.
  • Energy went down with a -0.64% change.
  • Consumer Staples went down with a -1.29% change.
  • Real Estate went down with a -1.44% change.
  • Financials went down with a -1.84% change.
  • Communication Services went down with a -2.09% change.
  • Healthcare went down with a -2.51% change.
  • Materials went down with a -2.54% change.
  • Industrials went down with a -2.62% change.
  • Consumer Discretionary went down with a -3.08% change.
  • Information Technology went down with a -3.53% change.

Gazit Globe Ltd Info

Gazit Globe Ltd, through its subsidiaries, acquires, owns, develops, operates, and manages supermarket-anchored shopping centers in North America, Europe, and internationally. As of December 31, 2016, the company owned and operated 426 properties with a gross leasable area of approximately 6.6 million square meters in approximately 20 countries. Gazit Globe Ltd was incorporated in 1982 and is headquartered in Tel Aviv, Israel.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Gazit Globe Ltd’s score is 0.44) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

GZT daily update
GZT daily update


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