-12.34% to Target, Norddeutsche Landesbank Reaffirms ‘”Hold”’ Rating on Patrizia Immobilien (ETR:P1Z) Shares Today

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Patrizia Immobilien (ETR:P1Z) Rating Reaffirmed

Norddeutsche Landesbank now has a EUR 24.00 price target on shares of Patrizia Immobilien (ETR:P1Z). The price target suggests a potential downside of -12.34% from the last stock close price of Patrizia Immobilien (ETR:P1Z). This rating was released in a recent research report on Friday morning.

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 €28 while the lowest target price is €21. The mean of all analyst targets is €24.72 with a -9.52% below today’s (€27.32) stock price. Patrizia Immobilien was the topic of 20 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Equinet maintained shares on December 12 with “Neutral” rating. Bankhaus Lampe upgraded shares to “Buy” rating and €23 target share price in a report from a December 1. Berenberg upgraded P1Z stock in a recent report from December 3 to “Buy” rating. Baader Wertpapierhandelsbank upgraded the rating on August 26. Baader Wertpapierhandelsbank has a “Buy” rating and a €26.50 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a December 1.

The stock increased 0.81% or EUR 0.22 on December 17, striking EUR 27.32. Approximately 225,900 shares of stock traded hands or 50.79% up from the average. Patrizia Immobilien AG (ETR:P1Z) has risen 6.00% since November 18, 2015 and is uptrending. It has outperformed by 8.26% the S&P500.

-12.34% to Target, Norddeutsche Landesbank Reaffirms ‘

Patrizia Immobilien AG is a Germany real estate company. The company has a market cap of 2.02 billion EUR. The Firm engages in the acquisition of residential and commercial, especially retail, real estate. It has 22.31 P/E ratio. In addition, it offers advisory services to clients on real estate acquisition, positioning services of individual properties, such as residential and business complexes, building sites, housing estate and housing companies on the market, as well as management of real estate properties, development of property-specific solutions and management of construction projects.

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