MLV Capital Lowers Campus Crest Communities Price Target to $13.00 (CCG)
Equities research analysts at MLV Capital reduced their price target on shares of Campus Crest Communities (NYSE:CCG) from $15.00 to $13.00 in a research note issued to investors on Monday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. MLV Capital’s price target points to a potential upside of 31.71% from the company’s current price.
Shares of Campus Crest Communities (NYSE:CCG) traded down 1.30% during mid-day trading on Monday, hitting $9.87. 1,144,674 shares of the company’s stock traded hands. Campus Crest Communities has a one year low of $9.86 and a one year high of $14.36. The stock has a 50-day moving average of $10.58 and a 200-day moving average of $12.11. The company has a market cap of $636.7 million and a P/E ratio of 37.31.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich initiated coverage on shares of Campus Crest Communities in a research note to investors on Friday. They set a “buy” rating and a $13.50 price target on the stock. Analysts at RBC Capital cut their price target on shares of Campus Crest Communities from $14.00 to $13.00 in a research note to investors on Thursday, August 8th. They now have a “sector perform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Campus Crest Communities currently has an average rating of “Hold” and an average target price of $13.50.
Campus Crest Communities, Inc is a self-managed, self-administered and vertically-integrated developer, builder, owner and manager of purpose-built student housing properties in the United States.
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