Oddo Seydler Bank AG Seems to Have Gained Confidence In Adler Real Estate (ETR:ADL), Upgrades Stocks

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Adler Real Estate (ETR:ADL) Stock Upgrade

Oddo Seydler Bank AG boosted shares of Adler Real Estate (ETR:ADL) to a “Buy” rating in a note revealed to investors on 2 December. The investment house after the upgrade has a EUR 17.50 target price on shares.

From a total of 3 analysts covering Adler Real Estate (ETR:ADL) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is €17.50 while the lowest target price is €16.50. The mean of all analyst targets is €17 with a 20.48% above today’s (€14.11) stock price. Adler Real Estate was the topic of 5 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. Berenberg upgraded shares on November 10 to “Buy” rating. DZ-Bank AG upgraded ADL stock in a recent report from September 8 to “Buy” rating.

The stock increased 0.11% or EUR 0.01 on December 1, striking EUR 14.11. Approximately 36,219 shares of stock traded hands. Adler Real Estate AG (ETR:ADL) has declined 30.00% since May 5, 2015 and is downtrending. It has underperformed by 28.38% the S&P500.

 Oddo Seydler Bank AG Seems to Have Gained Confidence In Adler Real Estate (ETR:ADL), Upgrades Stocks

Adler Real Estate AG is a Germany-based real estate firm engaged in the provision of commercial and residential project development services in the form of improvement, planning, development and construction, as well as asset management services and property management services. The company has a market cap of 641.38 million EUR. Adler is also engaged in the acquisition, sale, renting and financing of real estate. It has 8.02 P/E ratio. In addition, the Company provides international and national joint venture activities and acts as co-investor in the acquisition of real estate portfolios.

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