Stockland Lowered to Hold at Deutsche Bank (SGP)
Stockland (ASX:SGP) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report issued on Sunday, AnalystRatings.Net reports.
Stockland (ASX:SGP) traded up 0.25% during mid-day trading on Friday, hitting A$4.030. 1,302,627 shares of the company’s stock traded hands. Stockland has a 1-year low of A$3.290 and a 1-year high of A$4.120. The stock’s 50-day moving average is A$3.92 and its 200-day moving average is A$3.74. The company has a market cap of A$9.287 billion and a P/E ratio of 85.53.
A number of other analysts have also recently weighed in on SGP. Analysts at UBS AG reiterated a “buy” rating on shares of Stockland in a research note to investors on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Stockland currently has an average rating of “Hold” and an average price target of A$3.56 ($3.36).
Stockland Corporation Limited develops and manages residential communities, retirement living villages and retail centres.
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