TAG Immobilien AG (OTCMKTS:TAGOF – Get Free Report)’s stock price traded down 16% during trading on Wednesday . The stock traded as low as $15.6625 and last traded at $15.6625. Approximately 139 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 389 shares. The stock had previously closed at $18.64.
Analyst Upgrades and Downgrades
Separately, Barclays upgraded TAG Immobilien from an “equal weight” rating to an “overweight” rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.
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TAG Immobilien Trading Down 16.0%
TAG Immobilien Company Profile
TAG Immobilien AG is a Germany-based real estate company principally engaged in the acquisition, development and management of residential properties. Headquartered in Hamburg, the company focuses on creating a stable and diversified portfolio of rental housing across urban and growth regions. TAG Immobilien operates under a strategy of selective purchases, targeted modernization and active asset management to drive both occupancy levels and long-term value growth.
The company’s core business activities include the acquisition of existing residential buildings, the implementation of energy-efficient renovations and the day-to-day management of rental units.
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