HSBC Reiterates “€24.00” Price Target for TAG Immobilien (TEG)
TAG Immobilien (ETR:TEG) has been assigned a €24.00 ($27.91) price target by HSBC in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the stock. HSBC’s target price would indicate a potential upside of 19.40% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Kepler Capital Markets set a €21.50 ($25.00) price target on shares of TAG Immobilien and gave the stock a “buy” rating in a report on Thursday, August 9th. Berenberg Bank set a €20.00 ($23.26) price target on shares of TAG Immobilien and gave the stock a “buy” rating in a report on Wednesday, August 1st. Hauck & Aufhaeuser set a €23.00 ($26.74) price target on shares of TAG Immobilien and gave the stock a “buy” rating in a report on Thursday, September 6th. Baader Bank set a €21.00 ($24.42) price target on shares of TAG Immobilien and gave the stock a “neutral” rating in a report on Tuesday, September 18th. Finally, Warburg Research set a €21.00 ($24.42) price objective on TAG Immobilien and gave the company a “neutral” rating in a research note on Friday, August 31st. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. TAG Immobilien currently has a consensus rating of “Hold” and a consensus price target of €20.03 ($23.29).
Shares of ETR:TEG opened at €20.10 ($23.37) on Monday. TAG Immobilien has a fifty-two week low of €12.41 ($14.43) and a fifty-two week high of €16.70 ($19.42).
TAG Immobilien AG acquires, develops, and manages residential real estate properties in Germany.. It also operates commercial real estate properties and boarding houses. As of December 31, 2017, the company managed approximately 83,000 residential units. The company was formerly known as TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft and changed its name to TAG Immobilien AG in September 2008.
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