LEG Immobilien (OTCMKTS:LEGIF) Trading Up 4.7% - Here's Why

Key Points

• LEG Immobilien's stock price rose by 4.7%, reaching $80.89, with trading volume increasing by 11% from average daily levels.
• BNP Paribas downgraded LEG Immobilien from a "neutral" to an "underperform" rating, contributing to an average analyst rating of "Reduce" for the stock.
• The company reported earnings of $1.39 per share, missing consensus estimates, despite a net revenue of $268.94 million in the last quarter.

LEG Immobilien AG (OTCMKTS:LEGIF - Get Free Report)'s stock price was up 4.7% during mid-day trading on Thursday . The company traded as high as $80.89 and last traded at $80.89. Approximately 100 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 90 shares. The stock had previously closed at $77.25.

Analyst Ratings Changes

Separately, BNP Paribas cut shares of LEG Immobilien from a "neutral" rating to an "underperform" rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce".

LEG Immobilien Price Performance

The stock's fifty day simple moving average is $81.07 and its 200-day simple moving average is $81.92. The company has a market capitalization of $5.99 billion, a P/E ratio of 10.59 and a beta of 0.82.

LEG Immobilien (OTCMKTS:LEGIF - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.67). LEG Immobilien had a net margin of 50.86% and a return on equity of 7.36%. The company had revenue of $268.94 million during the quarter, compared to the consensus estimate of $230.02 million.

LEG Immobilien Company Profile

LEG Immobilien SE, together with its subsidiaries, operates as an integrated property company in Germany. The company engages in the performance of services and management of equity investments; property management and location development; performance of services for third parties and housing industry services; and generation of electricity and heat activities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.