Adler Real Estate (ETR:ADL) received a €17.40 ($20.23) target price from stock analysts at Berenberg Bank in a report released on Thursday, March 28th, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 36.15% from the stock’s current price.
A number of other brokerages have also issued reports on ADL. DZ Bank reiterated a “buy” rating on shares of Adler Real Estate in a report on Friday, November 30th. equinet set a €20.00 ($23.26) price objective on shares of Adler Real Estate and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Finally, HSBC set a €21.00 ($24.42) price objective on shares of Adler Real Estate and gave the stock a “buy” rating in a research note on Thursday, January 10th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of €18.72 ($21.77).
Shares of ETR:ADL traded up €0.08 ($0.09) during trading hours on Thursday, hitting €12.78 ($14.86). 92,972 shares of the company’s stock traded hands, compared to its average volume of 98,380. The company has a debt-to-equity ratio of 237.86, a current ratio of 2.04 and a quick ratio of 0.85. The firm has a market capitalization of $875.13 million and a PE ratio of 3.65. Adler Real Estate has a 1 year low of €12.12 ($14.09) and a 1 year high of €16.10 ($18.72).
ADLER Real Estate AG is one of the leading real estate companies in Germany. In recent years, the company has grown rapidly through acquisitions – most recently through the acquisition of almost 70 percent of the shares in Brack Capital Properties NV ADLER now holds more than 62,000 residential units , which are mainly located in the north and west of Germany and offer tenants with medium to low income an affordable home.
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