Hauck & Aufhaeuser Reiterates €58.50 Price Target for ADO Properties (ADJ)

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Hauck & Aufhaeuser set a €58.50 ($68.02) target price on ADO Properties (ETR:ADJ) in a research report released on Thursday morning. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on ADJ. Deutsche Bank set a €54.00 ($62.79) price target on shares of ADO Properties and gave the stock a buy rating in a report on Tuesday, August 21st. UBS Group set a €65.00 ($75.58) price target on shares of ADO Properties and gave the stock a buy rating in a report on Thursday, August 9th. Jefferies Financial Group set a €42.00 ($48.84) price target on shares of ADO Properties and gave the stock a neutral rating in a report on Wednesday, August 15th. Barclays set a €43.00 ($50.00) price target on shares of ADO Properties and gave the stock a sell rating in a report on Thursday, August 16th. Finally, Credit Suisse Group set a €59.40 ($69.07) price objective on ADO Properties and gave the company a buy rating in a research note on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. ADO Properties has a consensus rating of Hold and an average target price of €51.66 ($60.06).

Shares of ETR:ADJ traded down €1.40 ($1.63) during midday trading on Thursday, reaching €52.25 ($60.76). The company had a trading volume of 80,661 shares, compared to its average volume of 56,857. ADO Properties has a 52-week low of €32.39 ($37.66) and a 52-week high of €46.20 ($53.72).

About ADO Properties

ADO Properties SA, together with its subsidiaries, operates as a residential real estate company in Germany. The company operates through Residential Property Management and Privatization segments. It is involved in the rental and management of residential properties, including modernization and maintenance of residential properties, management of tenancy agreements, and marketing of residential units.

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