Adler Real Estate (ETR:ADL) has been assigned a €21.00 ($24.42) price objective by equities research analysts at HSBC in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. HSBC’s price target would indicate a potential upside of 60.31% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. DZ Bank reissued a “buy” rating on shares of Adler Real Estate in a research note on Monday, May 20th. Berenberg Bank set a €17.40 ($20.23) target price on shares of Adler Real Estate and gave the company a “buy” rating in a research note on Thursday, May 2nd. Oddo Bhf set a €15.91 ($18.50) target price on shares of Adler Real Estate and gave the company a “neutral” rating in a research note on Friday, March 29th. Finally, Deutsche Bank set a €20.00 ($23.26) target price on shares of Adler Real Estate and gave the company a “buy” rating in a research note on Friday, March 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of €18.72 ($21.77).
ETR ADL opened at €13.10 ($15.23) on Wednesday. The stock has a market capitalization of $899.83 million and a P/E ratio of 3.47. Adler Real Estate has a twelve month low of €12.12 ($14.09) and a twelve month high of €16.10 ($18.72). The company has a current ratio of 1.66, a quick ratio of 0.30 and a debt-to-equity ratio of 228.05.
About Adler Real Estate
ADLER Real Estate AG is one of the leading real estate companies in Germany. In recent years, the company has grown rapidly through acquisitions – most recently through the acquisition of almost 70 percent of the shares in Brack Capital Properties NV ADLER now holds more than 62,000 residential units , which are mainly located in the north and west of Germany and offer tenants with medium to low income an affordable home.
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