General Growth Properties (GGP) Given a $35.00 Price Target at Boenning Scattergood
General Growth Properties (NYSE:GGP) has been assigned a $35.00 price target by analysts at Boenning Scattergood in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Boenning Scattergood’s target price would indicate a potential upside of 48.68% from the company’s current price.
A number of other analysts also recently issued reports on GGP. Citigroup lowered their price target on General Growth Properties from $30.00 to $27.50 and set a “buy” rating for the company in a research report on Monday, August 14th. Royal Bank Of Canada lowered their price target on General Growth Properties from $28.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. BidaskClub downgraded General Growth Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. BMO Capital Markets began coverage on General Growth Properties in a research report on Monday, September 11th. They issued a “market perform” rating and a $22.00 price target for the company. Finally, J P Morgan Chase & Co upgraded General Growth Properties from a “neutral” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.46.
General Growth Properties (NYSE:GGP) traded down $0.09 during midday trading on Wednesday, hitting $23.54. The stock had a trading volume of 3,748,400 shares, compared to its average volume of 6,446,019. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.68. The company has a market cap of $22,353.44, a P/E ratio of 15.15, a P/E/G ratio of 2.53 and a beta of 0.85. General Growth Properties has a 52-week low of $18.83 and a 52-week high of $26.63.
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General Growth Properties Company Profile
GGP Inc (GGP), formerly General Growth Properties, Inc, is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls.
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