Warburg Research Reiterates €11.90 Price Target for TAG Immobilien (ETR:TEG)

TAG Immobilien (ETR:TEGGet Rating) has been given a €11.90 ($12.93) price objective by analysts at Warburg Research in a research note issued to investors on Thursday, Borsen Zeitung reports. Warburg Research’s price target would indicate a potential upside of 50.25% from the company’s previous close.

A number of other research firms also recently weighed in on TEG. Deutsche Bank Aktiengesellschaft set a €5.50 ($5.98) target price on TAG Immobilien in a research report on Wednesday, November 23rd. Barclays set a €9.00 ($9.78) target price on TAG Immobilien in a research report on Wednesday, November 30th. Berenberg Bank set a €11.00 ($11.96) target price on TAG Immobilien in a research report on Wednesday, January 4th. Finally, Baader Bank set a €7.00 ($7.61) price objective on TAG Immobilien in a research report on Tuesday, November 22nd.

TAG Immobilien Stock Performance

TEG opened at €7.92 ($8.61) on Thursday. The business has a fifty day simple moving average of €6.55 and a 200 day simple moving average of €7.90. The company has a market capitalization of $1.39 billion and a PE ratio of 2.42. TAG Immobilien has a 1 year low of €5.59 ($6.08) and a 1 year high of €25.34 ($27.54). The company has a debt-to-equity ratio of 105.92, a current ratio of 0.93 and a quick ratio of 0.08.

About TAG Immobilien

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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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