Adler Real Estate (ETR:ADL) Given a €21.00 Price Target at HSBC
HSBC set a €21.00 ($24.42) price target on Adler Real Estate (ETR:ADL) in a report released on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other brokerages have also recently issued reports on ADL. DZ Bank reissued a neutral rating on shares of Gerresheimer in a research note on Thursday, July 11th. Berenberg Bank set a €70.95 ($82.50) price objective on shares of 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 shares of TAG Immobilien and gave the company a neutral rating in a research note on Wednesday, June 19th. Finally, Deutsche Bank boosted their price objective on shares of Welltower from $61.00 to $71.00 and gave the company a hold rating in a research note on Friday, March 29th. Seven investment analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average target price of €18.72 ($21.77).
Shares of ADL opened at €11.98 ($13.93) on Monday. The company has a quick ratio of 0.30, a current ratio of 1.66 and a debt-to-equity ratio of 228.05. The firm has a market cap of $820.40 million and a PE ratio of 3.18. The firm has a fifty day moving average price of €12.06. Adler Real Estate has a 1 year low of €11.08 ($12.88) 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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