LEG Immobilien (OTCMKTS:LEGIF) Shares Gap Down – Here’s What Happened

LEG Immobilien AG (OTCMKTS:LEGIF) gapped down prior to trading on Tuesday . The stock had previously closed at $80.89, but opened at $72.40. LEG Immobilien shares last traded at $72.60, with a volume of 3,150 shares changing hands.

Analysts Set New Price Targets

Separately, BNP Paribas lowered LEG Immobilien from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 10th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, LEG Immobilien has a consensus rating of “Reduce”.

LEG Immobilien Stock Down 10.2%

The stock has a 50-day moving average of $80.45 and a 200 day moving average of $82.50. The stock has a market cap of $5.38 billion, a PE ratio of 9.50 and a beta of 0.82.

LEG Immobilien (OTCMKTS:LEGIF) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.67). LEG Immobilien had a return on equity of 7.36% and a net margin of 50.86%.The company had revenue of $268.94 million during the quarter, compared to analysts’ expectations of $230.02 million.

About LEG Immobilien

LEG Immobilien SE, together with its subsidiaries, operates as an integrated property company in Germany. The company engages in the performance of services and management of equity investments; property management and location development; performance of services for third parties and housing industry services; and generation of electricity and heat activities.