TOday’s Movers: TAG Immobilien (ETR:TEG) Stock Rating Reconfirmed at Norddeutsche Landesbank; EUR 10.00 Target Price Indicates -11.35% Potential

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TAG Immobilien (ETR:TEG) Rating Reaffirmed

In an interesting research report sent to investors and clients on Friday, 18 December, The “Hold” rating of TAG Immobilien (ETR:TEG) shares was has restated by Analysts at Norddeutsche Landesbank, who now has a EUR 10.00 TP on the stock. Norddeutsche Landesbank’s TP means a possible downside of -11.35% from the last stock close of the company.

From a total of 3 analysts covering TAG Immobilien (ETR:TEG) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is €75 while the lowest target price is €57.75. The mean of all analyst targets is €67.92 with a -1.24% below today’s (€11.27) stock price. TAG Immobilien was the topic of 13 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe upgraded shares on November 25 to “Buy” rating. Morgan Stanley downgraded shares to “Underweight” rating and €7.70 target share price in a report from an August 27. S&P Research upgraded TEG stock in a recent report from November 7 to “Buy” rating. Commerzbank maintained the rating on August 6. Commerzbank has a “Hold” rating and a €11 price target on shares. Finally, Oddo & Cie upgraded the stock to “Buy” rating in a report issued on an October 9.

The stock increased 1.85% or EUR 0.2 on December 17, striking EUR 11.27. Approximately 277,712 shares of stock traded hands or 1.40% up from the average. TAG Immobilien AG (ETR:TEG) has risen 6.00% since November 18, 2015 and is uptrending. It has outperformed by 8.26% the S&P500.

TOday’s Movers: TAG Immobilien (ETR:TEG) Stock Rating Reconfirmed at Norddeutsche Landesbank; EUR 10.00 Target Price Indicates -11.35% Potential

TAG Immobilien AG is a Germany-based property firm and serves as a holding firm for the TAG Group, engaging all property-related activities through its subsidiaries. The company has a market cap of 1.54 billion EUR. The Firm diversifies its activities into three main business divisions: Residential real estate, Commercial real estate and Other Activities. It has 13.72 P/E ratio. The Residential real estate business segment encompasses the Company’s activities in the residential real estate sector aiming and is focused on acquisitions and cost optimizing through portfolio management, among others.

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