Imperial Capital Increases General Growth Properties Price Target to $22.00 (GGP)
Equities researchers at Imperial Capital upped their price target on shares of General Growth Properties (NYSE:GGP) from $21.00 to $22.00 in a research report issued on Wednesday, American Banking and Market News reports. Imperial Capital’s target price would indicate a potential downside of 4.22% from the stock’s previous close.
General Growth Properties (NYSE:GGP) traded up 0.17% during mid-day trading on Wednesday, hitting $22.97. 3,675,013 shares of the company’s stock traded hands. General Growth Properties has a 52 week low of $18.63 and a 52 week high of $23.33. The stock’s 50-day moving average is $22.23 and its 200-day moving average is $21.2. The company has a market cap of $20.902 billion and a price-to-earnings ratio of 73.97.
General Growth Properties (NYSE:GGP) last released its earnings data on Monday, April 28th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $30.00 by $29.69. During the same quarter in the prior year, the company posted $0.25 earnings per share. Analysts expect that General Growth Properties will post $1.30 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer raised their price target on shares of General Growth Properties from $23.00 to $26.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of General Growth Properties from $23.00 to $25.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of General Growth Properties from $26.00 to $27.00 in a research note on Tuesday, April 22nd. They now have an “overweight” rating on the stock. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $23.57.
General Growth Properties, Inc is a real estate investment trust (NYSE:GGP).
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