CBL & Associates Properties (CBL) Downgraded by Citigroup to Sell
CBL & Associates Properties (NYSE:CBL) was downgraded by stock analysts at Citigroup from a “neutral” rating to a “sell” rating in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a $4.00 target price on the real estate investment trust’s stock. Citigroup’s price objective indicates a potential downside of 27.27% from the company’s current price.
A number of other research analysts have also recently issued reports on CBL. ValuEngine cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of CBL & Associates Properties in a research note on Wednesday, October 4th. Mizuho reissued a “hold” rating and issued a $9.00 target price on shares of CBL & Associates Properties in a research note on Monday, October 9th. Bank of America cut CBL & Associates Properties from a “neutral” rating to an “underperform” rating and set a $6.50 target price for the company. in a research note on Friday, November 3rd. Finally, Wells Fargo & Company cut CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research note on Friday, November 3rd. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.81.
CBL & Associates Properties (CBL) traded down $0.04 during trading hours on Thursday, reaching $5.50. The company’s stock had a trading volume of 4,236,752 shares, compared to its average volume of 4,087,240. CBL & Associates Properties has a 1 year low of $5.31 and a 1 year high of $12.04. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 3.39. The firm has a market capitalization of $947.90, a PE ratio of 2.52, a price-to-earnings-growth ratio of 0.66 and a beta of 1.11.
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CBL & Associates Properties Company Profile
CBL & Associates Properties, Inc is a self-managed, self-administered, integrated real estate investment trust. The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties.
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