DZ Bank Reaffirms Buy Rating for Adler Real Estate (ADL)
DZ Bank restated their buy rating on shares of Adler Real Estate (ETR:ADL) in a research report released on Monday, Borsen Zeitung reports.
Several other analysts have also recently weighed in on the stock. Berenberg Bank set a €17.40 ($20.23) price objective on shares of Adler Real Estate and gave the stock a buy rating in a research note on Thursday, May 2nd. HSBC set a €21.00 ($24.42) price objective on shares of Adler Real Estate and gave the stock a buy rating in a research note on Wednesday, April 24th. Oddo Bhf set a €15.91 ($18.50) price target on shares of Adler Real Estate and gave the company a neutral rating in a research report on Friday, March 29th. Finally, Deutsche Bank set a €20.00 ($23.26) price target on shares of Adler Real Estate and gave the company a buy rating in a research report on Friday, March 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of €18.72 ($21.77).
Shares of Adler Real Estate stock opened at €13.06 ($15.19) on Monday. The company has a current ratio of 1.66, a quick ratio of 0.30 and a debt-to-equity ratio of 228.05. Adler Real Estate has a twelve month low of €12.12 ($14.09) and a twelve month high of €16.10 ($18.72). The firm has a market capitalization of $894.35 million and a P/E ratio of 3.46.
ADLER Real Estate AG is one of the leading real estate companies in Germany. In recent years, the company has grown rapidly through acquisitions – most recently through the acquisition of almost 70 percent of the shares in Brack Capital Properties NV ADLER now holds more than 62,000 residential units , which are mainly located in the north and west of Germany and offer tenants with medium to low income an affordable home.
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