LEG Immobilien (ETR:LEG) Rating Reaffirmed
In a comprehensive report published on Tuesday, 15 December, The Neutral rating of LEG Immobilien (ETR:LEG) shares was has decided to reaffirm at Goldman Sachs Group Inc., who now has a EUR 79.40 target price per share on the stock. Goldman Sachs Group Inc.’s target price per share would suggest a possible upside of 10.86% from the closing share price of the company.
From a total of 3 analysts covering LEG Immobilien (ETR:LEG) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 14% of the ratings are positive. The highest target price is €48 while the lowest target price is €46. The mean of all analyst targets is €47 with a 9.71% above today’s (€71.5) stock price. LEG Immobilien was the topic of 22 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Societe Generale upgraded shares on December 11 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.
The stock decreased 1.24% or EUR 0.9 on December 14, striking EUR 71.5. Approximately 187,267 shares of stock traded hands or 9.15% up from the average. LEG Immobilien AG (ETR:LEG) has declined 7.06% since May 12, 2015 and is downtrending. It has underperformed by 2.64% the S&P500.
The overall sentiment of institutions has increased to 1.02 in Q2 2015. Its up 0.08, from 0.94 in 2015Q2. The ratio improved, as 38 institutions have sold all the shares of LEG Immobilien AG that they owned while 160 funds have taken shares off the table. 61 funds have purchased shares for the first time while 141 added to their positions. These institutions now hold 79.81 million shares or 14.52% less than the 93.37 million shares they owned in 2015Q2.
The Fund Berkshire Asset Management Llc Pa currently is holding shares equating to 3.16% of its total portfolio in LEG Immobilien AG representing a total of 428,795 shares. Another fund,Welch Group Llc, is holding a total of 379,530 shares equating to 3.03% of their holdings. Additionally, Villere St Denis J & Co Llc has a 1.14 million share stake in LEG Immobilien AG which represents 2.49% of their total portfolio. The Fund, Argent Trust Co, based out of Tennessee, has also built up a stake in the stock, which represents a total of 2.37% of their total portfolio. Finally Wespac Advisors Llc, a fund which is based in the state of California reported a total holdings of 32,705 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 9, 2015, shareholders of LEG Immobilien AG have witnessed 0 insider purchases, and a total of 2 selling transactions equating to a net activity of approximately $172,533 . Moore John G. sold 3,811 shares worth approximately $167,913. Enloe Robert Ted Iii sold 93 shares worth approximately $4,620. Crusa Jack D sold 10,000 shares worth approximately $492,500. Desonier David M sold 10,000 shares worth approximately $490,131. The company insider Wood Phoebe A sold 976 shares worth $46,114.
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 4.49 billion EUR. The Group’s portfolio primarily comprises real estate properties located in the North Rhine Westphalia region in Germany. It has 55.95 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)”