Today Norddeutsche Landesbank Keeps a “Hold” Rating on Patrizia Immobilien (ETR:P1Z) and a EUR 24.00 Target Price


Patrizia Immobilien (ETR:P1Z) Rating Reaffirmed

Research analysts at Norddeutsche Landesbank now has a EUR 24.00 PT on Patrizia Immobilien (ETR:P1Z). Norddeutsche Landesbank and their recent PT gives a potential downside of -5.99% from the company’s price per share. The rating has been revealed to investors in analysts note on 4 December.

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 €24.06 with a -6.16% below today’s (€25.64) stock price. Patrizia Immobilien was the topic of 18 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Berenberg upgraded shares on December 3 to “Buy” rating. Baader Wertpapierhandelsbank upgraded shares to “Buy” rating and €26.50 target share price in a report from an August 26. Deutsche Bank maintained P1Z stock in a recent report from December 1 with “Hold” rating. Kepler Cheuvreux maintained the rating on August 20. Kepler Cheuvreux has a “Hold” rating and a €22 price target on shares. Finally, Landesbank maintained the stock with “Hold” rating in a report issued on a September 8.

The stock increased 2.21% or EUR 0.56 on December 3, striking EUR 25.64. Approximately 282,209 shares of stock traded hands or 125.92% up from the average. Patrizia Immobilien AG (ETR:P1Z) has risen 6.00% since November 4, 2015 and is uptrending. It has outperformed by 6.29% the S&P500.

Today Norddeutsche Landesbank Keeps a

Patrizia Immobilien AG is a Germany real estate company. The company has a market cap of 1.96 billion EUR. The Firm engages in the acquisition of residential and commercial real estate. It has 20.93 P/E ratio. In addition, it offers advisory services to clients on real estate acquisition; positioning of individual properties, such as residential and business complexes, building sites, housing estate and housing companies on the market; management of real estate properties; and develops property-specific solutions and manages the construction projects to be implemented.