Adler Real Estate AG (ETR:ADL) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is €18.54 ($21.55).
Several research firms recently issued reports on ADL. HSBC set a €21.00 ($24.42) target price on Adler Real Estate and gave the stock a “buy” rating in a research report on Monday, July 15th. DZ Bank reiterated a “buy” rating on shares of Adler Real Estate in a research report on Wednesday, August 14th. Berenberg Bank set a €17.40 ($20.23) target price on Adler Real Estate and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Deutsche Bank set a €20.00 ($23.26) target price on Adler Real Estate and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Kepler Capital Markets set a €16.90 ($19.65) target price on Adler Real Estate and gave the stock a “buy” rating in a research report on Tuesday, September 24th.
Shares of ETR ADL traded down €0.32 ($0.37) during trading on Monday, hitting €10.98 ($12.77). The company had a trading volume of 102,759 shares, compared to its average volume of 98,380. The stock has a 50 day simple moving average of €11.40 and a 200 day simple moving average of €12.17. The company has a debt-to-equity ratio of 221.29, a quick ratio of 0.63 and a current ratio of 2.12. Adler Real Estate has a 12 month low of €9.68 ($11.26) and a 12 month high of €15.40 ($17.91). The firm has a market capitalization of $751.92 million and a P/E ratio of 2.70.
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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