DZ Bank Reiterates “Buy” Rating for Adler Real Estate (ETR:ADL)
Adler Real Estate (ETR:ADL)‘s stock had its “buy” rating restated by investment analysts at DZ Bank in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports.
ADL has been the subject of a number of other research reports. Berenberg Bank set a €17.40 ($20.23) target price on shares of Adler Real Estate and gave the company a “buy” rating in a research note on Thursday, May 2nd. Oddo Bhf set a €15.91 ($18.50) target price on shares of Adler Real Estate and gave the company a “buy” rating in a research note on Wednesday, June 19th. Finally, HSBC set a €21.00 ($24.42) target price on shares of Adler Real Estate and gave the company a “buy” rating in a research note on Monday, July 15th. Seven investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of €18.72 ($21.77).
ADL stock traded down €0.10 ($0.12) during trading on Wednesday, reaching €12.02 ($13.98). The company had a trading volume of 161,674 shares, compared to its average volume of 98,380. Adler Real Estate has a 52 week low of €11.08 ($12.88) and a 52 week high of €16.10 ($18.72). The stock has a market cap of $823.13 million and a P/E ratio of 3.19. The business’s 50 day moving average price is €12.05. The company has a debt-to-equity ratio of 228.05, a quick ratio of 0.30 and a current ratio of 1.66.
ADLER Real Estate AG is one of the leading real estate companies in Germany. In recent years, the company has grown rapidly through acquisitions – most recently through the acquisition of almost 70 percent of the shares in Brack Capital Properties NV ADLER now holds more than 62,000 residential units , which are mainly located in the north and west of Germany and offer tenants with medium to low income an affordable home.
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