TAG Immobilien (ETR:TEG) has been given a €24.00 ($27.91) price objective by analysts at Berenberg Bank in a report released on Friday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 9.19% from the company’s previous close.
Several other brokerages have also recently weighed in on TEG. Oddo Bhf set a €20.00 ($23.26) price target on shares of TAG Immobilien and gave the stock a “neutral” rating in a research note on Friday, August 9th. Jefferies Financial Group set a €19.00 ($22.09) target price on shares of TAG Immobilien and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Kepler Capital Markets set a €24.00 ($27.91) target price on shares of TAG Immobilien and gave the company a “buy” rating in a research note on Wednesday, October 30th. HSBC set a €25.00 ($29.07) target price on shares of TAG Immobilien and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays set a €23.00 ($26.74) target price on shares of TAG Immobilien and gave the company a “buy” rating in a research note on Monday, September 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of €22.31 ($25.94).
Shares of TAG Immobilien stock opened at €21.98 ($25.56) on Friday. The company’s fifty day simple moving average is €21.27 and its 200-day simple moving average is €20.88. The stock has a market capitalization of $3.18 billion and a PE ratio of 7.00. TAG Immobilien has a 1-year low of €19.62 ($22.81) and a 1-year high of €22.48 ($26.14). The company has a debt-to-equity ratio of 114.99, a current ratio of 1.37 and a quick ratio of 0.94.
About TAG Immobilien
TAG Immobilien AG, a real estate company, acquires, develops, and manages residential real estate properties in Germany. It also operates commercial real estate properties. As of December 31, 2018, the company managed approximately 84,400 residential units. The company was formerly known as TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft and changed its name to TAG Immobilien AG in September 2008.
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