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Vonovia (0QFT) Gets a Buy from Berenberg Bank
In a report released today, Kai Klose from Berenberg Bank maintained a Buy rating on Vonovia, with 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, Aroundtown SA, and T Immobilien. According to TipRanks, Klose has an average return of -4.0% and a 43.14% success rate on recommended stocks.
In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a €36.00 price target.
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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