Deutsche Wohnen (ETR:DWN) Stock Upgrade
Deutsche Wohnen (ETR:DWN) shares were raised by stock analysts at Norddeutsche Landesbank to a solid Buy rating in a note revealed today. Analysts presently have a EUR 28.50 PT on the shares. Norddeutsche Landesbank’s PT means a possible upside of 13.77%.
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 €26.92 with a 7.34% above today’s (€25.08) stock price. Deutsche Wohnen was the topic of 39 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. DZ-Bank AG upgraded shares on December 15 to “Buy” rating. Bankhaus Lampe maintained shares with “Hold” rating and €24 target share price in a report from a December 1. Oddo & Cie maintained DWN stock in a recent report from December 2 with “Neutral” rating. Berenberg upgraded the rating on December 1. Berenberg has a “Buy” rating and a €30 price target on shares. Finally, Landesbank upgraded the stock to “Buy” rating in a report issued on a December 1.
The stock increased 1.87% or EUR 0.46 on December 17, striking EUR 25.08. Approximately 547,695 shares of stock traded hands. Deutsche Wohnen AG (ETR:DWN) has risen 0.92% since February 19, 2014 and is uptrending. It has outperformed by 3.18% the S&P500.
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 8.50 billion EUR. The Firm divides its activities into three divisions: Residential Property Management; Disposals, and Nursing and Assisted Living. It has 6.48 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.