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Berenberg Bank Sticks to Their Buy Rating for Vonovia (0QFT)

Tipranks - Tipranks - Tue Jan 27, 6:24AM CST

Berenberg Bank analyst Kai Klose maintained a Buy rating on Vonovia today and set a price target of €38.00.

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Klose covers the Real Estate sector, focusing on stocks such as Grand City Properties SA, Patrizia Immobilien, and T Immobilien. According to TipRanks, Klose has an average return of -3.6% and a 45.78% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vonovia with a €36.56 average price target.

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Based on Vonovia’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €1.5 billion and a net profit of €2.35 billion. In comparison, last year the company earned a revenue of €1.64 billion and had a GAAP net loss of €74 million

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