Boenning Scattergood Reiterates $35.00 Price Target for General Growth Properties (GGP)
General Growth Properties (NYSE:GGP) has been given a $35.00 target price by analysts at Boenning Scattergood in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Boenning Scattergood’s price target would suggest a potential upside of 48.68% from the company’s current price.
A number of other analysts have also recently commented on GGP. Citigroup cut their target price on shares of General Growth Properties from $30.00 to $27.50 and set a “buy” rating for the company in a research note on Monday, August 14th. J P Morgan Chase & Co upgraded shares of General Growth Properties from a “neutral” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Tuesday, September 26th. Stifel Nicolaus restated a “buy” rating and set a $24.00 price target on shares of General Growth Properties in a research report on Wednesday, November 1st. Royal Bank Of Canada lowered their price target on shares of General Growth Properties from $28.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 17th. Finally, BMO Capital Markets started coverage on shares of General Growth Properties in a research report on Monday, September 11th. They set a “market perform” rating and a $22.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.46.
General Growth Properties (NYSE:GGP) traded down $0.09 during mid-day trading on Wednesday, hitting $23.54. 3,748,400 shares of the stock were exchanged, compared to its average volume of 6,446,019. The stock has a market capitalization of $22,353.44, a PE ratio of 15.15, a P/E/G ratio of 2.53 and a beta of 0.85. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.68. General Growth Properties has a twelve month low of $18.83 and a twelve month high of $26.63.
TRADEMARK VIOLATION WARNING: This article was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/12/06/boenning-scattergood-reiterates-35-00-price-target-for-general-growth-properties-ggp.html.
About General Growth Properties
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.
Receive News & Stock Ratings for General Growth Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Growth Properties Inc. and related stocks with our FREE daily email newsletter.