TAG Immobilien (OTCMKTS:TAGOF) Stock Price Down 3% – What’s Next?

TAG Immobilien AG (OTCMKTS:TAGOF)’s stock price traded down 3% during mid-day trading on Monday . The stock traded as low as $16.96 and last traded at $16.96. 779 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 622 shares. The stock had previously closed at $17.4850.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of TAG Immobilien in a research note on Monday, December 1st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, TAG Immobilien has a consensus rating of “Buy”.

TAG Immobilien Price Performance

The business has a 50-day simple moving average of $16.98 and a two-hundred day simple moving average of $17.08.

TAG Immobilien Company Profile

TAG Immobilien AG is a Germany-based real estate company principally engaged in the acquisition, development and management of residential properties. Headquartered in Hamburg, the company focuses on creating a stable and diversified portfolio of rental housing across urban and growth regions. TAG Immobilien operates under a strategy of selective purchases, targeted modernization and active asset management to drive both occupancy levels and long-term value growth.

The company’s core business activities include the acquisition of existing residential buildings, the implementation of energy-efficient renovations and the day-to-day management of rental units.