http://www.americanbankingnews.com/getthestreet reaffirmed their buy rating on shares of Simon Properties (NYSE: SPG) in a report issued on Friday.
“Simon Property Group (SPG) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
,” TheStreet’s analyst wrote.
Shares of Simon Properties traded up 0.33% during mid-day trading on Friday, hitting $161.99. Simon Properties has a one year low of $135.23 and a one year high of $164.32. The stock’s 50-day moving average is currently $160.7. The company has a market cap of $50.201 billion and a P/E ratio of 34.21.
A number of other firms have also recently commented on SPG. Analysts at Zacks reiterated an outperform rating on shares of Simon Properties in a research note to investors on Tuesday, February 5th. They now have a $195.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Simon Properties from $170.00 to $179.00 in a research note to investors on Tuesday, February 5th. They now have a buy rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Simon Properties from $160.00 to $168.00 in a research note to investors on Tuesday, February 5th. They now have an in-line rating on the stock.
Fifteen investment analysts have rated the stock with a buy rating, two have given an overweight rating, and five have given a hold rating to the stock. Simon Properties currently has a consensus rating of overweight and a consensus target price of $176.82.
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