TAG Immobilien (ETR:TEG) Given a €24.40 Price Target at Nord/LB

TAG Immobilien (ETR:TEG) has been assigned a €24.40 ($28.37) price target by investment analysts at Nord/LB in a research report issued on Thursday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Nord/LB’s price target would suggest a potential upside of 4.90% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Kepler Capital Markets set a €24.00 ($27.91) target price on shares of TAG Immobilien and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group set a €19.00 ($22.09) target price on shares of TAG Immobilien and gave the stock a “neutral” rating in a report on Thursday. Hauck & Aufhaeuser set a €24.50 ($28.49) price target on shares of TAG Immobilien and gave the company a “buy” rating in a report on Thursday, December 5th. Baader Bank set a €22.00 ($25.58) price target on shares of TAG Immobilien and gave the company a “sell” rating in a report on Thursday. Finally, Berenberg Bank set a €24.00 ($27.91) price target on shares of TAG Immobilien and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €22.79 ($26.50).

TAG Immobilien stock traded down €0.64 ($0.74) during midday trading on Thursday, hitting €23.26 ($27.05). 507,442 shares of the company’s stock were exchanged, compared to its average volume of 416,823. The company has a debt-to-equity ratio of 114.99, a quick ratio of 0.94 and a current ratio of 1.37. TAG Immobilien has a 12 month low of €19.62 ($22.81) and a 12 month high of €24.98 ($29.05). The firm has a 50-day moving average of €23.88 and a two-hundred day moving average of €22.10. The company has a market cap of $3.43 billion and a PE ratio of 7.41.

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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Analyst Recommendations for TAG Immobilien (ETR:TEG)

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