Is Deutsche Wohnen (ETR:DWN) a Stock One Should Buy Following Today’s Societe Generale Upgrade?

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Deutsche Wohnen (ETR:DWN) Stock Upgrade

In a recent report issued earlier today, Societe Generale raised shares of Deutsche Wohnen (ETR:DWN) to a “Buy”. Analysts currently have a EUR 30.00 TP on the shares. Societe Generale’s TP would indicate a ppossible upside of 16.10% from the last stock close price of the stock.

From a total of 14 analysts covering Deutsche Wohnen (ETR:DWN) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is €30 while the lowest target price is €23. The mean of all analyst targets is €26.85 with a 3.79% above today’s (€25.87) stock price. Deutsche Wohnen was the topic of 35 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Landesbank upgraded shares on December 1 to “Buy” rating. Oddo & Cie maintained shares with “Neutral” rating and €26 target share price in a report from a November 12. Berenberg upgraded DWN stock in a recent report from December 1 to “Buy” rating. Kepler Cheuvreux upgraded the rating on November 11. Kepler Cheuvreux has a “Buy” rating and a €27 price target on shares. Finally, Independent Research maintained the stock with “Hold” rating in a report issued on a November 12.

The stock decreased 0.67% or EUR 0.17 on December 1, striking EUR 25.87. Approximately 1.05M shares of stock traded hands or 16.28% up from the average. Deutsche Wohnen AG (ETR:DWN) has risen 0.92% since February 19, 2014 and is uptrending. It has outperformed by 2.54% the S&P500.

 Is Deutsche Wohnen (ETR:DWN) a Stock One Should Buy Following Today’s Societe Generale Upgrade?

Deutsche Wohnen AG is a Germany-based holding company, primarily engaged in property management and development of its own residential property portfolio. The company has a market cap of 8.64 billion EUR. The Firm divides its activities into three divisions: Residential Property Management; Disposals, and Nursing and Assisted Living. It has 6.69 P/E ratio. The Residential Property Management segment’s core activity is the management of residential properties, including modernization and maintenance of the property portfolio.

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