TAG Immobilien (ETR:TEG) Given a €21.60 Price Target at Nord/LB

Nord/LB set a €21.60 ($25.12) price target on TAG Immobilien (ETR:TEG) in a research note published on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

TEG has been the subject of a number of other research reports. Deutsche Bank set a €21.50 ($25.00) price objective on shares of TAG Immobilien and gave the stock a neutral rating in a research report on Wednesday, October 30th. Berenberg Bank set a €24.00 ($27.91) price target on shares of TAG Immobilien and gave the stock a buy rating in a research note on Friday, November 8th. Kepler Capital Markets set a €24.00 ($27.91) price target on shares of TAG Immobilien and gave the stock a buy rating in a research note on Wednesday, October 30th. Hauck & Aufhaeuser set a €23.00 ($26.74) price target on shares of TAG Immobilien and gave the stock a buy rating in a research note on Wednesday, October 23rd. Finally, Barclays set a €23.00 ($26.74) price target on shares of TAG Immobilien and gave the stock a buy rating in a research note on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. TAG Immobilien currently has a consensus rating of Buy and an average price target of €22.31 ($25.94).

TAG Immobilien stock traded up €0.20 ($0.23) during trading hours on Wednesday, reaching €22.26 ($25.88). 548,294 shares of the stock were exchanged, compared to its average volume of 416,823. The stock has a market cap of $3.23 billion and a P/E ratio of 7.09. The company has a debt-to-equity ratio of 114.99, a quick ratio of 0.94 and a current ratio of 1.37. TAG Immobilien has a 52-week low of €19.62 ($22.81) and a 52-week high of €22.48 ($26.14). The firm’s 50 day moving average is €21.43 and its 200 day moving average is €20.93.

TAG Immobilien Company Profile

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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