In a statement issued on 8/12/2016 Norddeutsche Landesbank bumped up the target price of Aareal Bank (ETR:ARL) by 0.27% from 0EUR to 38EUR
Previously on 8/10/2016, equinet AG released a statement for Aareal Bank(ETR:ARL) of “Accumulate” with a target price of 37EUR. At the time, this indicated a possible upside of 0.24%.
Only yesterday Aareal Bank (ETR:ARL) traded 1.25% higher at 29.94EUR. Aareal Bank’s 50-day moving average is 6.55EUR and its 200-day moving average is 5.22EUR. The last close is up 14.46% relative to the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has raised 0.00% over the date range. Trading volume was was up over the average, with 17,314 shares of ARL changing hands over the typical 11,178 shares..
Aareal Bank has a 52 week low of 3.89EUR and a 52 week high of 7.49EUR . ARL’s total market value is currently 91.8M EUR.
General Company Details For Aareal Bank (ETR:ARL)
Aareal Bank AG is a Germany-based real estate bank. It provides finance, advisory and other services to commercial property and institutional housing sectors. It’s activities are divided into two core business divisions: Structured Property Financing and Consulting/Services. The Structured Property Financing combines property finance with refinancing, services domestic and international clients on their property and creates financing packages for logistics properties, shopping centers and hotels. The Consulting/Services offers the institutional housing sector services and products for managing residential property portfolios and processing payment flows, providing Information Technology systems consultancy and software products, among others. The Consulting/Services segment operates in Europe, whereas Structured Property Financing segment operates in North America, and Europe and Asia. The Company operates Corealcredit Bank AG and Westdeutsche Immobilien AG as wholly owned subsidiaries.