TAG Immobilien AG (TEG) Given Average Recommendation of “Hold” by Brokerages

TAG Immobilien AG (ETR:TEG) has received an average rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is €20.46 ($23.79).

TEG has been the subject of a number of research reports. Deutsche Bank set a €16.50 ($19.19) target price on TAG Immobilien and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Berenberg Bank set a €20.00 ($23.26) target price on TAG Immobilien and gave the company a “buy” rating in a research note on Wednesday, August 1st. Kepler Capital Markets set a €21.50 ($25.00) target price on TAG Immobilien and gave the company a “buy” rating in a research note on Thursday, August 2nd. Jefferies Financial Group set a €15.00 ($17.44) target price on TAG Immobilien and gave the company a “neutral” rating in a research note on Thursday, August 9th. Finally, Oddo Bhf set a €18.00 ($20.93) target price on TAG Immobilien and gave the company a “neutral” rating in a research note on Friday, August 10th.

Shares of ETR:TEG opened at €20.90 ($24.30) on Friday. TAG Immobilien has a twelve month low of €12.41 ($14.43) and a twelve month high of €16.70 ($19.42).

About TAG Immobilien

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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Analyst Recommendations for TAG Immobilien (ETR:TEG)

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