Boston Properties PT Lowered to $100.00 (BXP)
Research analysts at Cowen and Company cut their target price on shares of Boston Properties (NYSE:BXP) from $112.00 to $100.00 in a report released on Thursday, StockRatingsNetwork.com reports. Cowen and Company’s price target indicates a potential downside of 4.40% from the stock’s previous close.
Shares of Boston Properties (NYSE:BXP) traded down 2.21% during mid-day trading on Thursday, hitting $104.60. 810,486 shares of the company’s stock traded hands. Boston Properties has a 52-week low of $98.21 and a 52-week high of $117.00. The stock has a 50-day moving average of $104.0 and a 200-day moving average of $106.5. The company has a market cap of $15.940 billion and a P/E ratio of 26.21.
A number of other analysts have also recently weighed in on BXP. Analysts at Zacks reiterated a “neutral” rating on shares of Boston Properties (NYSE:BXP) in a research note to investors on Friday, September 6th. They now have a $108.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Boston Properties (NYSE:BXP) from $125.00 to $120.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock.
Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $115.71.
Boston Properties, Inc is an integrated, self-administered and self-managed real estate investment trust (NYSE:BXP).
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