Adler Real Estate’s (ADL) Buy Rating Reaffirmed at DZ Bank
DZ Bank reaffirmed their buy rating on shares of Adler Real Estate (ETR:ADL) in a research report released on Friday, Borsen Zeitung reports.
Several other research analysts have also commented on ADL. Oddo Bhf set a €15.91 ($18.50) price objective on shares of Adler Real Estate and gave the stock a buy rating in a research note on Wednesday, September 11th. Berenberg Bank set a €16.50 ($19.19) price objective on shares of Adler Real Estate and gave the stock a buy rating in a research note on Thursday, November 7th. Kepler Capital Markets set a €16.90 ($19.65) target price on shares of Adler Real Estate and gave the company a buy rating in a research note on Thursday, November 14th. Finally, Deutsche Bank set a €20.00 ($23.26) target price on shares of Adler Real Estate and gave the company a buy rating in a research note on Friday. Seven investment analysts have rated the stock with a buy rating, Adler Real Estate currently has a consensus rating of Buy and a consensus price target of €18.39 ($21.38).
ETR ADL traded down €0.02 ($0.02) on Friday, hitting €11.44 ($13.30). 118,694 shares of the stock were exchanged, compared to its average volume of 98,380. The company has a debt-to-equity ratio of 221.29, a quick ratio of 0.63 and a current ratio of 2.12. The stock has a fifty day moving average price of €11.01 and a two-hundred day moving average price of €11.85. The firm has a market capitalization of $783.42 million and a P/E ratio of 2.53. Adler Real Estate has a 52-week low of €9.68 ($11.26) and a 52-week high of €15.40 ($17.91).
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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