TAG Immobilien AG (ETR:TEG) Receives Average Rating of “Hold” from Brokerages

TAG Immobilien AG (ETR:TEG) has earned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is €21.76 ($25.31).

A number of research firms have weighed in on TEG. Oddo Bhf set a €20.00 ($23.26) target price on TAG Immobilien and gave the company a “neutral” rating in a report on Friday, August 9th. Jefferies Financial Group set a €19.00 ($22.09) price target on TAG Immobilien and gave the company a “neutral” rating in a research report on Thursday, August 8th. Hauck & Aufhaeuser set a €23.00 ($26.74) price target on shares of TAG Immobilien and gave the stock a “buy” rating in a report on Wednesday. Nord/LB set a €20.12 ($23.40) price objective on shares of TAG Immobilien and gave the company a “neutral” rating in a research report on Friday, August 23rd. Finally, Berenberg Bank set a €23.50 ($27.33) price objective on shares of TAG Immobilien and gave the company a “buy” rating in a research report on Thursday, August 8th.

TEG traded down €0.24 ($0.28) during trading on Friday, reaching €20.26 ($23.56). 896,275 shares of the company were exchanged, compared to its average volume of 416,823. The company’s 50-day moving average is €21.11 and its two-hundred day moving average is €20.93. The company has a market cap of $2.96 billion and a price-to-earnings ratio of 6.49. The company has a quick ratio of 0.60, a current ratio of 1.09 and a debt-to-equity ratio of 115.87. TAG Immobilien has a 12-month low of €20.08 ($23.35) and a 12-month high of €21.86 ($25.42).

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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