HSBC set a €21.00 ($24.42) price objective on Adler Real Estate (ETR:ADL) in a research note published on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other equities analysts have also recently weighed in on the company. Berenberg Bank set a €70.95 ($82.50) price objective on Fresenius SE & Co KGaA and gave the company a buy rating in a research note on Thursday, May 2nd. Oddo Bhf set a €20.00 ($23.26) price objective on TAG Immobilien and gave the company a neutral rating in a research note on Wednesday, June 19th. DZ Bank restated a neutral rating on shares of Gerresheimer in a research note on Thursday, July 11th. Finally, Deutsche Bank raised their price objective on Welltower from $61.00 to $71.00 and gave the company a hold rating in a research note on Friday, March 29th. Seven research analysts have rated the stock with a buy rating, Adler Real Estate presently has a consensus rating of Buy and an average target price of €18.72 ($21.77).
Shares of ETR:ADL opened at €12.00 ($13.95) on Monday. The company has a current ratio of 1.66, a quick ratio of 0.30 and a debt-to-equity ratio of 228.05. The company’s fifty day moving average is €12.08. Adler Real Estate has a 1-year low of €11.08 ($12.88) and a 1-year high of €16.10 ($18.72). The company has a market cap of $821.77 million and a PE ratio of 3.18.
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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