DZ Bank Reiterates Buy Rating for Adler Real Estate (ETR:ADL)
DZ Bank restated their buy rating on shares of Adler Real Estate (ETR:ADL) in a research note published on Wednesday morning, Borsen Zeitung reports.
ADL has been the topic of several other reports. HSBC set a €21.00 ($24.42) price target on shares of Adler Real Estate and gave the company a buy rating in a report on Monday, July 15th. Oddo Bhf set a €15.91 ($18.50) price target on shares of Adler Real Estate and gave the company a buy rating in a report on Wednesday, June 19th. Finally, Berenberg Bank set a €17.40 ($20.23) price target on shares of Adler Real Estate and gave the company a buy rating in a report on Thursday, May 2nd. Seven 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).
Adler Real Estate stock opened at €11.94 ($13.88) on Wednesday. The company’s fifty day simple moving average is €12.09 and its 200-day simple moving average is €12.73. The company has a quick ratio of 0.30, a current ratio of 1.66 and a debt-to-equity ratio of 228.05. Adler Real Estate has a 12 month low of €11.08 ($12.88) and a 12 month high of €16.10 ($18.72). The stock has a market cap of $817.66 million and a P/E ratio of 3.17.
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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