Joh. Berenberg Gossler & Co. KG Has Just Issued an Upgrade of Patrizia Immobilien (ETR:P1Z) with a EUR 28.00 Target PPS

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Patrizia Immobilien (ETR:P1Z) Stock Upgrade

Patrizia Immobilien (ETR:P1Z) was just upgraded by Joh. Berenberg Gossler & Co. KG to a respectable “Buy” rating in a recent report shared with investors on 3 December. The firm after the upgrade has a EUR 28.00 target PPS on the shares. This target is 11.55% from P1Z’s current share price.

From a total of 9 analysts covering Patrizia Immobilien (ETR:P1Z) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is €26.50 while the lowest target price is €21. The mean of all analyst targets is €23.61 with a -5.86% below today’s (€25.08) stock price. Patrizia Immobilien was the topic of 17 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Oddo & Cie upgraded shares on December 2 to “Buy” rating. Baader Wertpapierhandelsbank upgraded shares to “Buy” rating and €26.50 target share price in a report from an August 26. Bankhaus Lampe upgraded P1Z stock in a recent report from December 1 to “Buy” rating. Kepler Cheuvreux maintained the rating on August 20. Kepler Cheuvreux has a “Hold” rating and a €22 price target on shares. Finally, Landesbank maintained the stock with “Hold” rating in a report issued on a September 8.

The stock increased 6.45% or EUR 1.52 on December 2, striking EUR 25.08. Approximately 263,874 shares of stock traded hands or 114.10% up from the average. Patrizia Immobilien AG (ETR:P1Z) has risen 6.00% since November 3, 2015 and is uptrending. It has outperformed by 6.20% the S&P500.

 Joh. Berenberg Gossler & Co. KG Has Just Issued an Upgrade of Patrizia Immobilien (ETR:P1Z) with a EUR 28.00 Target PPS

Patrizia Immobilien AG is a Germany real estate company. The company has a market cap of 1.91 billion EUR. The Firm engages in the acquisition of residential and commercial real estate. It has 20.48 P/E ratio. In addition, it offers advisory services to clients on real estate acquisition; positioning of individual properties, such as residential and business complexes, building sites, housing estate and housing companies on the market; management of real estate properties; and develops property-specific solutions and manages the construction projects to be implemented.

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