TAG Immobilien (ETR:TEG) has been given a €23.00 ($26.74) price objective by stock analysts at Hauck & Aufhaeuser in a report released on Thursday. The firm presently has a “buy” rating on the stock. Hauck & Aufhaeuser’s price target points to a potential upside of 8.90% from the stock’s previous close.
Several other analysts also recently issued reports on the company. Kepler Capital Markets set a €21.50 ($25.00) price target on TAG Immobilien and gave the company a “buy” rating in a report on Thursday, August 2nd. Berenberg Bank set a €20.00 ($23.26) price target on TAG Immobilien and gave the company a “buy” rating in a report on Tuesday, June 12th. Deutsche Bank set a €16.50 ($19.19) price target on TAG Immobilien and gave the company a “neutral” rating in a report on Tuesday, July 24th. Cfra set a €21.30 ($24.77) price target on TAG Immobilien and gave the company a “neutral” rating in a report on Friday, August 10th. Finally, Jefferies Financial Group set a €15.00 ($17.44) price target on TAG Immobilien and gave the company a “neutral” rating in a report on Thursday, August 9th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of €19.49 ($22.67).
Shares of ETR TEG opened at €21.12 ($24.56) on Thursday. TAG Immobilien has a 12-month low of €12.41 ($14.43) and a 12-month high of €16.70 ($19.42).
About TAG Immobilien
TAG Immobilien AG acquires, develops, and manages residential real estate properties in Germany.. It also operates commercial real estate properties and boarding houses. As of December 31, 2017, the company managed approximately 83,000 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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