Brokerages Set Aareal Bank AG (ARL) Price Target at $39.22
Aareal Bank AG (ETR:ARL) has earned an average rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is €38.97 ($45.31).
ARL has been the topic of a number of recent analyst reports. Warburg Research set a €44.50 ($51.74) price objective on Aareal Bank and gave the company a “buy” rating in a report on Tuesday, May 29th. Citigroup reiterated a “buy” rating on shares of Aareal Bank in a report on Monday, June 18th. Nord/LB set a €41.00 ($47.67) price objective on Aareal Bank and gave the company a “neutral” rating in a report on Monday, June 25th. Kepler Capital Markets set a €37.00 ($43.02) price objective on Aareal Bank and gave the company a “neutral” rating in a report on Monday, July 9th. Finally, Deutsche Bank reiterated a “neutral” rating on shares of Aareal Bank in a report on Friday, July 27th.
ARL traded up €0.44 ($0.51) during trading hours on Friday, reaching €35.72 ($41.53). The company’s stock had a trading volume of 258,266 shares, compared to its average volume of 359,447. Aareal Bank has a fifty-two week low of €33.35 ($38.78) and a fifty-two week high of €41.89 ($48.71).
Aareal Bank AG, together with its subsidiaries, provides financing solutions and services to the property industry in Germany and internationally. The company operates through two segments, Structured Property Financing and Consulting/Services. The Structured Property Financing segment offers property financing and refinancing solutions for office buildings, hotels, retail, logistics, and residential properties, and shopping centers in Europe, North America, and Asia.
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