TAG Immobilien (TEG) Given a €23.50 Price Target by Hauck & Aufhaeuser Analysts

Hauck & Aufhaeuser set a €23.50 ($27.33) price target on TAG Immobilien (ETR:TEG) in a report published on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on TEG. HSBC set a €24.50 ($28.49) price objective on TAG Immobilien and gave the stock a buy rating in a research report on Thursday, March 7th. Jefferies Financial Group set a €17.00 ($19.77) price objective on TAG Immobilien and gave the stock a neutral rating in a research report on Wednesday, March 6th. Berenberg Bank set a €23.50 ($27.33) price objective on TAG Immobilien and gave the stock a buy rating in a research report on Tuesday, April 23rd. Deutsche Bank set a €20.00 ($23.26) price objective on TAG Immobilien and gave the stock a neutral rating in a research report on Thursday, March 7th. Finally, Nord/LB set a €20.12 ($23.40) price objective on TAG Immobilien and gave the stock a neutral rating in a research report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of €21.33 ($24.80).

Shares of TEG stock opened at €20.82 ($24.21) on Monday. TAG Immobilien has a 52 week low of €17.65 ($20.52) and a 52 week high of €22.48 ($26.14). The company has a debt-to-equity ratio of 114.15, a current ratio of 1.02 and a quick ratio of 0.44. The company has a market capitalization of $3.05 billion and a price-to-earnings ratio of 6.65.

About TAG Immobilien

TAG Immobilien AG, a real estate company, acquires, develops, and manages residential real estate properties in Germany. It also operates commercial real estate properties. As of December 31, 2018, the company managed approximately 84,400 residential units. The company was formerly known as TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft and changed its name to TAG Immobilien AG in September 2008.

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