In a report issued on June 7, Albin Sandberg from Kepler Capital upgraded ADLER Group (ADPPF – Research Report) to Buy, with a price target of EUR36.00. The company’s shares closed last Friday at $29.65, equals to its 52-week high of $29.65.
According to TipRanks.com, Sandberg is ranked #6600 out of 7549 analysts.
ADLER Group has an analyst consensus of Moderate Buy, with a price target consensus of $35.27, representing a 19.0% upside. In a report issued on May 30, Deutsche Bank also initiated coverage with a Buy rating on the stock with a EUR32.00 price target.
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Based on ADLER Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $166 million and net profit of $114 million. In comparison, last year the company earned revenue of $31.62 million and had a GAAP net loss of $1.63 million.
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ADO Properties S.A. engages in the ownership and management of real estate properties. It operates through the Residential Property Management and Privatization segments. The Residential Property Management segment comprises rent and management of the residential properties, which includes the modernization and maintenance of the properties, the management of tenancy agreements, and marketing of residential units. The Privatization segment includes aspects of the preparation and execution of the sale of units, as well as modernization, maintenance and management, and generates rental income for non-vacant units. The company was founded by Rabin Savion in 2006 and is headquartered in Luxembourg.
