Simon Property Group Price Target Cut to $178.00 (SPG)
Barclays decreased their price objective on shares of Simon Property Group (NYSE:SPG) from $186.00 to $178.00 in a research note issued on Tuesday, AnalystRatings.NET reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective would suggest a potential upside of 17.16% from the stock’s previous close.
SPG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Simon Property Group in a research note to investors on Wednesday, January 15th. They now have a $187.00 price target on the stock, down previously from $195.00. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Simon Property Group in a research note to investors on Monday, December 16th. They now have a $186.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Simon Property Group in a research note to investors on Thursday, December 12th. They now have a $158.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $180.42.
Simon Property Group (NYSE:SPG) traded up 0.58% on Tuesday, hitting $152.81. 573,176 shares of the company’s stock traded hands. Simon Property Group has a 52 week low of $142.47 and a 52 week high of $182.45. The stock has a 50-day moving average of $154.1 and a 200-day moving average of $153.. The company has a market cap of $47.422 billion and a P/E ratio of 37.75.
Simon Property Group, Inc(NYSE:SPG), is a self-administered and self-managed real estate investment trust (REIT).