Adler Real Estate AG (ETR:ADL) has been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is €18.72 ($21.77).
Several equities analysts have recently issued reports on the company. DZ Bank reaffirmed a “buy” rating on shares of Adler Real Estate in a report on Tuesday, March 5th. Berenberg Bank set a €17.40 ($20.23) target price on Adler Real Estate and gave the company a “buy” rating in a report on Thursday, March 28th. Deutsche Bank set a €20.00 ($23.26) target price on Adler Real Estate and gave the company a “buy” rating in a report on Friday, March 29th. Oddo Bhf set a €15.91 ($18.50) target price on Adler Real Estate and gave the company a “neutral” rating in a report on Friday, March 29th. Finally, HSBC set a €21.00 ($24.42) target price on Adler Real Estate and gave the company a “buy” rating in a report on Wednesday, April 24th.
Shares of ADL opened at €12.94 ($15.05) on Friday. 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 company has a market cap of $886.09 million and a price-to-earnings ratio of 3.69. Adler Real Estate has a 52 week low of €12.12 ($14.09) and a 52 week 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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