Warburg Research Has Just Given Hornbach (ETR:HBH3) a Higher Rating. The Target Price per Share is EUR 91.00

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Hornbach (ETR:HBH3) Stock Upgrade

The equities rating of Hornbach (ETR:HBH3) shares was boosted by stock analysts at Warburg Research to a respectable “Buy” rating in a recent report released on Friday morning. The firm Warburg Research has a EUR 91.00 target price per share on the stock. Warburg Research’s target price per share could mean a possible upside of 50.91%.

From a total of 6 analysts covering HORNBACH (ETR:HBH3) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is €99.50 while the lowest target price is €80. The mean of all analyst targets is €89.84 with a 21.41% above today’s (€74) stock price. HORNBACH was the topic of 11 analyst reports since September 5, 2015 according to the firm StockzIntelligence Inc. Berenberg upgraded shares on October 8 to “Buy” rating. Commerzbank upgraded shares to “Buy” rating and €86.70 target share price in a report from a September 26. Warburg Research upgraded HBH3 stock in a recent report from October 1 to “Buy” rating. Finally, Deutsche Bank upgraded the stock to “Buy” rating in a report issued on an October 1.

The stock closed the day at EUR 74 during the previous session. It is down 6.00% since November 11, 2015 and is uptrending. It has outperformed by 7.93% the S&P500.

 Warburg Research Has Just Given Hornbach (ETR:HBH3) a Higher Rating. The Target Price per Share is EUR 91.00

Hornbach Holding AG & Co. KGaA, formerly Hornbach Holding AG, is a Germany holding firm of the Hornbach Group. The company has a market cap of 592.00 million EUR. Through its subsidiaries, the Company is mainly engaged in the building trade, building component manufacture and construction industries. It has 12.38 P/E ratio. The Company’s subsidiaries include Hornbach Baumarkt AG, a majority owned subsidiary which operates do-it-yourself megastores and garden centers; Hornbach Baustoff Union GmbH, a wholly owned subsidiary which is active in the builders’ merchants business and sells construction materials; and Hornbach Immobilien AG, a wholly owned subsidiary that owns the real estate portfolio of the retail properties used by the Hornbach Group’s operating units.

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