We have initiated coverage of the German Deutsche Pfandbriefbank AG (pbb) with a price target of €10.05 per share and a REDUCE recommendation.
pbb is a mortgage bank with a business focus on commercial real estate and public investment finance.
Positive items are:
• The property market in Germany is booming. The vdp property price index in Germany has increased every year since 2010 for both residential properties and commercial properties. The index increased by 5.0% for FY2015.
• pbb seems ....
02 Jun 2016
The phoenix
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The phoenix
Deutsche Pfandbriefbank AG (PBB:WBO) | 0 0 (-0.8%) | Mkt Cap: 1,864m
- Published:
02 Jun 2016 -
Author:
Dieter Hein -
Pages:
40
We have initiated coverage of the German Deutsche Pfandbriefbank AG (pbb) with a price target of €10.05 per share and a REDUCE recommendation.
pbb is a mortgage bank with a business focus on commercial real estate and public investment finance.
Positive items are:
• The property market in Germany is booming. The vdp property price index in Germany has increased every year since 2010 for both residential properties and commercial properties. The index increased by 5.0% for FY2015.
• pbb seems ....