Parkway Properties Price Target Raised to $20.00 at JMP Securities (PKY)
Equities researchers at JMP Securities hoisted their price objective on shares of Parkway Properties (NYSE:PKY) from $19.00 to $20.00 in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. JMP Securities’ price objective suggests a potential upside of 10.25% from the stock’s previous close.
Shares of Parkway Properties (NYSE:PKY) opened at 18.14 on Tuesday. Parkway Properties has a 52 week low of $15.70 and a 52 week high of $19.67. The stock’s 50-day moving average is $17.99 and its 200-day moving average is $17.67. The company’s market cap is $1.245 billion.
A number of other firms have also recently commented on PKY. Analysts at Barclays initiated coverage on shares of Parkway Properties in a research note on Tuesday, January 28th. They set an “overweight” rating and a $20.00 price target on the stock. Analysts at Citigroup Inc. downgraded shares of Parkway Properties from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $20.68.
Parkway Properties, Inc (NYSE:PKY) is a self-administered real estate investment trust (REIT) specializing in the ownership of office properties in higher growth submarkets in the Sunbelt region of the United States.
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