It May Be Time to Buy Shares of Hornbach (ETR:HBH3) as Deutsche Bank AG Has Upgraded The Stock


Hornbach (ETR:HBH3) Stock Upgrade

Deutsche Bank AG has lifted shares of Hornbach (ETR:HBH3) to a respectable “Buy” rating in an interesting research report shared with investors and clients today, and has published a one year target price of EUR 81.00, which is 35.25% from HBH3’s share price currently.

From a total of 6 analysts covering HORNBACH (ETR:HBH3) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is €99.50 while the lowest target price is €80. The mean of all analyst targets is €89.84 with a 21.41% above today’s (€74) stock price. HORNBACH was the topic of 12 analyst reports since September 5, 2015 according to the firm StockzIntelligence Inc. Warburg Research upgraded shares on December 11 to “Buy” rating. Commerzbank upgraded shares to “Buy” rating and €86.70 target share price in a report from a September 26. DZ-Bank AG upgraded HBH3 stock in a recent report from October 1 to “Hold” rating. Finally, Deutsche Bank upgraded the stock to “Buy” rating in a report issued on an October 1.

The stock closed the day at EUR 74 during the previous session. It is down 6.00% since November 12, 2015 and is uptrending. It has outperformed by 9.02% the S&P500.

 It May Be Time to Buy Shares of Hornbach (ETR:HBH3) as Deutsche Bank AG Has Upgraded The Stock

Hornbach Holding AG & Co. KGaA, formerly Hornbach Holding AG, is a Germany holding firm of the Hornbach Group. The company has a market cap of 592.00 million EUR. Through its subsidiaries, the Company is mainly engaged in the building trade, building component manufacture and construction industries. It has 12.38 P/E ratio. The Company’s subsidiaries include Hornbach Baumarkt AG, a majority owned subsidiary which operates do-it-yourself megastores and garden centers; Hornbach Baustoff Union GmbH, a wholly owned subsidiary which is active in the builders’ merchants business and sells construction materials; and Hornbach Immobilien AG, a wholly owned subsidiary that owns the real estate portfolio of the retail properties used by the Hornbach Group’s operating units.