How Positive is Bankhaus Lampe KG on LEG Immobilien (ETR:LEG) Following Today’s Upgrade? The Target PPS is EUR 81.00


LEG Immobilien (ETR:LEG) Stock Upgrade

In analysts note sent to investors on 27 November, Bankhaus Lampe KG decided to upgrade shares of LEG Immobilien (ETR:LEG) to a “Buy” rating. The firm currently has a respectable EUR 81.00 TP on LEG shares.

From a total of 9 analysts covering LEG Immobilien (ETR:LEG) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is €93 while the lowest target price is €73. The mean of all analyst targets is €78.78 with a 6.03% above today’s (€74.3) stock price. LEG Immobilien was the topic of 19 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux upgraded shares on November 18 to “Buy” rating. Societe Generale upgraded shares to “Buy” rating and €93 target share price in a report from a November 3. Bankhaus Lampe upgraded LEG stock in a recent report from November 10 to “Buy” rating. Landesbank maintained the rating on October 24. Landesbank has a “Hold” rating and a €73 price target on shares. Finally, Baader Wertpapierhandelsbank upgraded the stock to “Buy” rating in a report issued on a November 4.

The stock increased 0.08% or EUR 0.06 on November 26, striking EUR 74.3. Approximately 118,835 shares of stock traded hands. LEG Immobilien AG (ETR:LEG) has risen 6.23% since April 24, 2015 and is uptrending. It has outperformed by 7.59% the S&P500.

 How Positive is Bankhaus Lampe KG on LEG Immobilien (ETR:LEG) Following Today’s Upgrade? The Target PPS is EUR 81.00

LEG Immobilien AG is a Germany-based residential real estate firm as well as the holding firm of the LEG Group. The company has a market cap of 4.52 billion EUR. The Group’s portfolio primarily comprises real estate properties located in the North Rhine Westphalia region in Germany. It has 58.15 P/E ratio. The portfolio is devised into three regions: the Rhineland, the Ruhr and the Westphalia region.

According to Zacks Investment Research, “Leggett & Platt, Inc. is one of the leading manufacturers of engineered products serving several major markets. Sales and production are focused on residential furnishings, commercial furnishings, aluminum products, industrial materials, and specialized products. The company has facilities throughout North America and in numerous international locations. (Company Press Release)” Get a free copy of the Zacks research report on LEG Immobilien AG (LEG)