TAG Immobilien (ETR:TEG) PT Set at €24.00 by Berenberg Bank

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TAG Immobilien (ETR:TEG) received a €24.00 ($27.91) price objective from research analysts at Berenberg Bank in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 9.39% from the stock’s previous close.

Several other analysts also recently weighed in on TEG. Hauck & Aufhaeuser set a €23.00 ($26.74) price target on TAG Immobilien and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Oddo Bhf set a €20.00 ($23.26) price objective on TAG Immobilien and gave the stock a “neutral” rating in a research note on Friday, August 9th. Nord/LB set a €21.60 ($25.12) target price on TAG Immobilien and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Jefferies Financial Group set a €19.00 ($22.09) target price on TAG Immobilien and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, 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 report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of €22.36 ($26.00).

ETR TEG opened at €21.94 ($25.51) on Monday. The company has a market cap of $3.21 billion and a price-to-earnings ratio of 6.99. The company has a debt-to-equity ratio of 114.99, a current ratio of 1.37 and a quick ratio of 0.94. The stock’s fifty day moving average price is €21.79 and its 200 day moving average price is €21.10. TAG Immobilien has a 1 year low of €19.62 ($22.81) and a 1 year high of €22.48 ($26.14).

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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Analyst Recommendations for TAG Immobilien (ETR:TEG)

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