LEG Immobilien (OTCMKTS:LEGIF) Shares Gap Down – Should You Sell?

LEG Immobilien AG (OTCMKTS:LEGIF) gapped down prior to trading on Wednesday . The stock had previously closed at $73.75, but opened at $71.1950. LEG Immobilien shares last traded at $71.1950, with a volume of 104 shares traded.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas upgraded shares of LEG Immobilien from an “underperform” rating to an “outperform” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

LEG Immobilien Stock Performance

The stock has a market cap of $5.28 billion, a P/E ratio of 4.79 and a beta of 0.92. The stock’s 50-day moving average is $75.20 and its 200-day moving average is $80.20.

LEG Immobilien Company Profile

LEG Immobilien AG is one of Germany’s leading residential real estate companies, specializing in the development, acquisition and management of residential and commercial properties. Headquartered in Düsseldorf, the company focuses on providing affordable and sustainable living spaces to a diverse tenant base. Its core business includes the rental and technical management of housing units as well as value-enhancing modernization and maintenance services.

The company’s portfolio comprises approximately 130,000 residential units and several thousand commercial spaces, primarily located in North Rhine-Westphalia and adjacent German states.