Kempen & Co Upgrades LEG Immobilien (OTCMKTS:LEGIF) to Buy

LEG Immobilien (OTCMKTS:LEGIF – Get Rating) was upgraded by stock analysts at Kempen & Co from a “neutral” rating to a “buy” rating in a report released on Friday, The Fly reports.

A number of other research analysts have also weighed in on the stock. Morgan Stanley decreased their price target on shares of LEG Immobilien from €128.00 ($137.63) to €120.00 ($129.03) and set an “equal weight” rating on the stock in a research note on Monday, March 28th. Barclays decreased their price target on shares of LEG Immobilien from €134.00 ($144.09) to €118.00 ($126.88) in a research note on Tuesday, March 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $119.00.

LEGIF stock opened at $98.55 on Friday. The company’s 50-day simple moving average is $107.01 and its 200-day simple moving average is $123.66. LEG Immobilien has a 52-week low of $98.55 and a 52-week high of $160.26.

About LEG Immobilien (Get Rating)

LEG Immobilien AG, together with its subsidiaries, operates as an integrated property company in Germany. The company engages in the performance of services and management of equity investments; property management and location development; performance of services for third parties and housing industry services; and generation of electricity and heat.

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