TAG Immobilien (ETR:TEG) PT Set at €21.60 by Nord/LB
Nord/LB set a €21.60 ($25.12) price objective on TAG Immobilien (ETR:TEG) in a report issued on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other research firms also recently weighed in on TEG. Deutsche Bank set a €21.50 ($25.00) price target on shares of TAG Immobilien and gave the stock a neutral rating in a research report on Wednesday, October 30th. Hauck & Aufhaeuser set a €23.00 ($26.74) price objective on shares of TAG Immobilien and gave the stock a buy rating in a report on Wednesday, October 23rd. Kepler Capital Markets set a €24.00 ($27.91) price objective on shares of TAG Immobilien and gave the stock a buy rating in a report on Wednesday, October 30th. HSBC set a €25.00 ($29.07) price objective on shares of TAG Immobilien and gave the stock a buy rating in a report on Friday, November 1st. Finally, Berenberg Bank set a €24.00 ($27.91) price objective on shares of TAG Immobilien and gave the stock a buy rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of €22.31 ($25.94).
Shares of TEG stock traded up €0.20 ($0.23) during mid-day trading on Wednesday, reaching €22.26 ($25.88). 548,294 shares of the company were exchanged, compared to its average volume of 416,823. TAG Immobilien has a fifty-two week low of €19.62 ($22.81) and a fifty-two week high of €22.48 ($26.14). The company has a debt-to-equity ratio of 114.99, a quick ratio of 0.94 and a current ratio of 1.37. The company has a market capitalization of $3.23 billion and a P/E ratio of 7.09. The business’s 50 day simple moving average is €21.43 and its 200 day simple moving average is €20.93.
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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