Dexus Property Group Rating Reiterated by Commonwealth Bank (DXS)
Dexus Property Group (ASX:DXS)‘s stock had its “overweight” rating restated by research analysts at Commonwealth Bank in a report released on Wednesday, Analyst Ratings Net reports.
Dexus Property Group (ASX:DXS) traded up 1.89% during mid-day trading on Wednesday, hitting A$1.080. 28,251,472 shares of the company’s stock traded hands. Dexus Property Group has a 52-week low of A$0.935 and a 52-week high of A$1.240. The stock’s 50-day moving average is A$1.02 and its 200-day moving average is A$1.07. The company has a market cap of A$5.078 billion and a price-to-earnings ratio of 9.72.
DXS has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Dexus Property Group in a research note to investors on Friday, September 6th. They now have a $365.40 price target on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of A$122.50 ($115.57).
DEXUS Property Group (ASX:DXS) owns, manages and develops real estate assets and manages real estate funds on behalf of third party investors.
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