LEG Immobilien (OTCMKTS:LEGIF) Shares Gap Down – Here’s What Happened

LEG Immobilien AG (OTCMKTS:LEGIF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $80.89, but opened at $72.40. LEG Immobilien shares last traded at $72.60, with a volume of 3,150 shares trading hands.

Analysts Set New Price Targets

Separately, BNP Paribas lowered LEG Immobilien from a “neutral” rating to an “underperform” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

LEG Immobilien Stock Down 10.2%

The firm has a market cap of $5.38 billion, a PE ratio of 9.50 and a beta of 0.82. The stock has a 50 day moving average price of $80.45 and a two-hundred day moving average price of $82.50.

LEG Immobilien (OTCMKTS:LEGIF) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.67). LEG Immobilien had a return on equity of 7.36% and a net margin of 50.86%.The business had revenue of $268.94 million for the quarter, compared to analysts’ expectations of $230.02 million.

LEG Immobilien Company Profile

LEG Immobilien SE, together with its subsidiaries, operates as an integrated property company in Germany. The company engages in the performance of services and management of equity investments; property management and location development; performance of services for third parties and housing industry services; and generation of electricity and heat activities.