Analysts Set TAG Immobilien AG (TEG) Price Target at $21.33

Shares of TAG Immobilien AG (ETR:TEG) have been given an average recommendation of “Hold” by the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is €21.33 ($24.80).

Several research analysts recently commented on TEG shares. HSBC set a €24.50 ($28.49) target price on shares of TAG Immobilien and gave the stock a “buy” rating in a research note on Thursday, March 7th. Barclays set a €23.60 ($27.44) target price on shares of TAG Immobilien and gave the stock a “buy” rating in a research note on Wednesday, January 9th. Jefferies Financial Group set a €17.00 ($19.77) target price on shares of TAG Immobilien and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Berenberg Bank set a €23.50 ($27.33) target price on shares of TAG Immobilien and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Deutsche Bank set a €20.00 ($23.26) target price on shares of TAG Immobilien and gave the stock a “neutral” rating in a research note on Thursday, March 7th.

Shares of ETR TEG traded up €0.46 ($0.53) during mid-day trading on Friday, hitting €20.42 ($23.74). The stock had a trading volume of 357,366 shares, compared to its average volume of 416,823. The company has a quick ratio of 0.44, a current ratio of 1.02 and a debt-to-equity ratio of 114.15. TAG Immobilien has a 1 year low of €17.65 ($20.52) and a 1 year high of €22.48 ($26.14). The company has a market cap of $2.98 billion and a price-to-earnings ratio of 6.52.

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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