Deutsche Bank set a price target of €20.00 on the share of Adler Real Estate (ADL), a company that’s been attracting interest in recent weeks. Berenberg Bank, for example, set a €17.40 price on the real estate company, while HSBC settled on a €21.00 target. ADL, which has consensus price target of €18.72, opened at just €13.10 at the end of last week, having hit a 12-month low of €12.12. The residential specialist currently manages over 50,000 apartments in northern and western Germany. A year ago, Adler acquired 70 percent of the shares in Brack Capital Properties NV, an acquisition that added 12,000 residential units to its portfolio.
