Aareal Bank (ETR:ARL) has been given a €29.00 ($33.72) price objective by investment analysts at Independent Research in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Independent Research’s target price indicates a potential upside of 14.85% from the stock’s previous close.
A number of other brokerages have also recently commented on ARL. Kepler Capital Markets set a €25.50 ($29.65) price target on Aareal Bank and gave the company a “sell” rating in a research note on Thursday, May 9th. HSBC set a €34.00 ($39.53) price target on Aareal Bank and gave the company a “buy” rating in a research note on Monday, August 5th. Deutsche Bank set a €24.00 ($27.91) price target on Aareal Bank and gave the company a “neutral” rating in a research note on Tuesday. Warburg Research set a €33.30 ($38.72) price target on Aareal Bank and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Aareal Bank in a research note on Monday, June 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of €32.68 ($38.00).
Shares of ARL stock opened at €25.25 ($29.36) on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.13 and a debt-to-equity ratio of 248.77. The company has a market cap of $1.51 billion and a PE ratio of 7.41. The company has a 50-day moving average of €24.35. Aareal Bank has a one year low of €22.44 ($26.09) and a one year high of €38.81 ($45.13).
Aareal Bank AG, together with its subsidiaries, provides financing, software products, and digital solutions for the property sector and related industries in Germany and internationally. The company operates in two segments, Structured Property Financing and Consulting/Services. The Structured Property Financing segment offers property financing and refinancing solutions for office buildings, hotels, and shopping centers, as well as retail, logistics, and residential properties.
Further Reading: Outstanding Shares and The Effect on Share Price
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