Societe Generale Seems to Have Gained Confidence In LEG Immobilien (ETR:LEG), Upgrades Stocks


LEG Immobilien (ETR:LEG) Stock Upgrade

Societe Generale lifted shares of LEG Immobilien (ETR:LEG) to a “Buy” rating in an interesting research report issued to investors and clients on 27 November. The financial company presently has a EUR 89.00 target price per share on 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 €78.44 with a 5.93% above today’s (€74.05) stock price. LEG Immobilien was the topic of 21 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Societe Generale upgraded shares on November 27 to “Buy” rating. Baader Wertpapierhandelsbank upgraded shares to “Buy” rating and €74 target share price in a report from a November 4. Kepler Cheuvreux upgraded LEG stock in a recent report from November 18 to “Buy” rating. Landesbank maintained the rating on October 24. Landesbank has a “Hold” rating and a €73 price target on shares. Finally, Deutsche Bank upgraded the stock to “Buy” rating in a report issued on a November 7.

Approximately 150 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.

 Societe Generale Seems to Have Gained Confidence In LEG Immobilien (ETR:LEG), Upgrades Stocks

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 4.65 billion EUR. The Group’s portfolio primarily comprises real estate properties located in the North Rhine Westphalia region in Germany. It has 57.95 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)