DZ Bank Reaffirms Neutral Rating for Adler Real Estate (ETR:ADL)
DZ Bank reiterated their neutral rating on shares of Adler Real Estate (ETR:ADL) in a report released on Tuesday, Borsen Zeitung reports.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank set a €17.00 ($19.77) price objective on Adler Real Estate and gave the company a buy rating in a research report on Friday, November 29th. Kepler Capital Markets set a €16.90 ($19.65) price target on Adler Real Estate and gave the stock a buy rating in a report on Monday, December 16th. Finally, Berenberg Bank set a €14.55 ($16.92) price target on Adler Real Estate and gave the stock a neutral rating in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Adler Real Estate presently has a consensus rating of Buy and an average target price of €17.07 ($19.85).
Shares of ADL stock opened at €12.02 ($13.98) on Tuesday. Adler Real Estate has a 1-year low of €9.68 ($11.26) and a 1-year high of €14.26 ($16.58). The stock’s 50-day moving average is €12.84 and its 200 day moving average is €11.94. The company has a market cap of $834.92 million and a P/E ratio of 2.43. The company has a debt-to-equity ratio of 207.85, a current ratio of 2.06 and a quick ratio of 0.33.
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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