A report released today by Societe Generale about LEG Immobilien(ETR:LEG) ups the target price to 90EUR

August 10, 2016

Finance News

LEG Immobilien (ETR:LEG) had its price target increased to 90EUR by Societe Generale in a report issued Wednesday August 10 2016. The latest target price indicates a possible downside of -0.01% based on the bussiness’ last stock close price.

On Wednesday August 10 2016, Kepler Cheuvreux released a statement on LEG Immobilien(ETR:LEG) suggesting “Buy” with a target price of 90EUR. At the time, this suggested a downside of -0.01%.

Only yesterday LEG Immobilien (ETR:LEG) traded 0.04% lower at 91.26EUR. LEG Immobilien’s 50-day moving average is 51.90EUR and its 200-day average is 48.26EUR. With the last stock price close up 8.77% from the 200-day average, compared to the Standard & Poor’s 500 Index which has increased 0.00% over the same time. 663,180 shares of LEG Immobilien traded hands, down from an average trading volume of 732,020.

Recent Performance Graph:

LEG Immobilien (ETR:LEG)

LEG Immobilien has a one-year low of 36.64EUR and a 52 week high of 54.63EUR with a P/E ratio of 19. The company’s total market value is currently 7.0B EUR.

A total of 4 equity analysts have issued a report on LEG. One analyst rate the stock a strong buy, one analyst rate the stock a buy, six analyts rate the company a hold, zero rate the company to underperform, and lastly zero analystsrate the company as sell with a consensus target price of 50.25EUR

Brief Synopsis About LEG Immobilien (ETR:LEG)

LEG Immobilien AG is a Germany-based residential real estate company as well as the holding company of the LEG Group. The Group’s portfolio primarily comprises real estate properties located in the North Rhine Westphalia region in Germany. The portfolio is devised into three regions: the Rhineland, the Ruhr and the Westphalia region. It ranges from urban apartments to residential neighborhoods in rural areas and amounts to more than 90, 000 units. The portfolio also includes undeveloped parcels. The Company operates through a number of Germany-based subsidiaries, which are engaged in construction, acquisition and management of residential real estate, and as well as in management services related to the portfolio real estate properties.

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