TAG Immobilien (ETR:TEG) Sets New 12-Month High at $26.28

TAG Immobilien AG (ETR:TEG)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as €26.28 ($30.92) and last traded at €26.26 ($30.89), with a volume of 456591 shares changing hands. The stock had previously closed at €25.88 ($30.45).

Several equities research analysts have recently weighed in on the company. Nord/LB set a €24.40 ($28.71) price objective on TAG Immobilien and gave the company a “neutral” rating in a research note on Thursday, August 27th. Deutsche Bank set a €20.00 ($23.53) price objective on TAG Immobilien and gave the company a “neutral” rating in a research report on Friday, August 21st. Berenberg Bank set a €27.50 ($32.35) price objective on TAG Immobilien and gave the company a “buy” rating in a research report on Monday, September 7th. Barclays set a €26.00 ($30.59) price objective on TAG Immobilien and gave the stock a “buy” rating in a research note on Monday, August 24th. Finally, Warburg Research set a €26.60 ($31.29) price target on TAG Immobilien and gave the company a “buy” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of €24.45 ($28.76).

The stock’s 50-day simple moving average is €24.37 and its 200-day simple moving average is €21.46. The firm has a market capitalization of $3.84 billion and a P/E ratio of 9.36. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 111.96.

About TAG Immobilien (ETR:TEG)

TAG Immobilien AG, a real estate company, acquires, develops, and manages residential real estate properties in Germany. It also operates commercial real estate properties. As of December 31, 2018, the company managed approximately 84,400 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.

Read More: Return on Equity (ROE)

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