Nord/LB Analysts Give TAG Immobilien (ETR:TEG) a €21.60 Price Target

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TAG Immobilien (ETR:TEG) has been given a €21.60 ($25.12) price objective by investment analysts at Nord/LB in a note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Nord/LB’s price target would suggest a potential downside of 2.96% from the company’s current price.

Several other equities research analysts have also recently issued reports on TEG. HSBC set a €25.00 ($29.07) target price on TAG Immobilien and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays set a €23.00 ($26.74) target price on TAG Immobilien and gave the stock a “buy” rating in a research note on Monday, September 9th. Oddo Bhf set a €20.00 ($23.26) target price on TAG Immobilien and gave the stock a “neutral” rating in a research note on Friday, August 9th. Berenberg Bank set a €24.00 ($27.91) target price on TAG Immobilien and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group set a €19.00 ($22.09) target price on TAG Immobilien and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of €22.31 ($25.94).

TEG stock opened at €22.26 ($25.88) on Wednesday. The business has a fifty day moving average of €21.43 and a two-hundred day moving average of €20.93. The company has a quick ratio of 0.94, a current ratio of 1.37 and a debt-to-equity ratio of 114.99. The stock has a market cap of $3.23 billion and a price-to-earnings ratio of 7.09. TAG Immobilien has a 52-week low of €19.62 ($22.81) and a 52-week high of €22.48 ($26.14).

TAG Immobilien Company Profile

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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