TAG Immobilien (ETR:TEG) Sets New 1-Year Low at $11.13

TAG Immobilien AG (ETR:TEG – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as €11.13 ($11.72) and last traded at €11.46 ($12.06), with a volume of 572270 shares traded. The stock had previously closed at €11.55 ($12.16).

Several analysts recently issued reports on the company. Warburg Research set a €27.10 ($28.53) price objective on TAG Immobilien in a report on Wednesday, June 15th. Deutsche Bank Rese… set a €24.00 ($25.26) target price on shares of TAG Immobilien in a research report on Wednesday, May 25th. Berenberg Bank set a €30.00 ($31.58) target price on shares of TAG Immobilien in a research report on Tuesday, May 24th. Baader Bank set a €22.00 ($23.16) target price on shares of TAG Immobilien in a research report on Tuesday, March 15th. Finally, Barclays set a €16.00 ($16.84) target price on shares of TAG Immobilien in a research report on Monday, June 13th.

The company has a market capitalization of $1.68 billion and a price-to-earnings ratio of 3.24. The company has a 50-day moving average price of €17.27 and a 200-day moving average price of €20.91. The company has a quick ratio of 0.23, a current ratio of 0.92 and a debt-to-equity ratio of 121.85.

About TAG Immobilien (ETR:TEG)

TAG Immobilien AG, a real estate company, acquires, develops, and manages residential real estate properties in Germany. The company also rents commercial real estate properties, as well as operates serviced apartments. As of December 31, 2021, it managed approximately 87,600 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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