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Deutsche Bank assumed coverage on shares of Scentre Group (ASX:SCG) in a research note issued on Tuesday. The firm set a “buy” rating and a $3.65 price target on the stock.

Shares of Scentre Group (ASX:SCG) traded down 0.88% during mid-day trading on Tuesday, hitting A$3.370. The stock had a trading volume of 11,063,064 shares. Scentre Group has a 1-year low of A$3.070 and a 1-year high of A$3.470. The stock’s 50-day moving average is A$3.28 and its 200-day moving average is A$3.28. The company has a market cap of A$10.040 billion and a price-to-earnings ratio of 13.18.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morningstar reiterated a “hold” rating on shares of Scentre Group in a research note on Thursday, July 17th.

Scentre Group manages, develops and has an ownership interest in Westfield branded shopping centers in Australia and New Zealand.

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