A statement released earlier today by Goldman Sachs about Taubman Centers Inc. (NYSE:TCO) bumps the target price to $87.00
- Updated: October 2, 2016
Just yesterday Taubman Centers Inc. (NYSE:TCO) traded -0.59% lower at $75.50. Taubman Centers Inc.’s 50-day moving average is $76.85 and its 200-day moving average is $73.47. The last stock price is up 1.28% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 711,587 shares of TCO traded hands, up from an average trading volume of 327,256
Goldman Sachs bumped up the target of Taubman Centers Inc. (NYSE:TCO) to $87.00 stating a potential upside of 0.15%.
Recent Performance Chart
Taubman Centers Inc. has 52 week low of $63.32 and a 52 week high of $81.68 with a PE ratio of 39.16 and has a market capitalization of $0.
In addition to Goldman Sachs reporting its stock price target, a total of 13 brokerages have issued a ratings update on the company. The average stock price target is $79.92 with 1 brokerage rating the stock a strong buy, 4 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Taubman Centers Inc. (NYSE:TCO)
Taubman Centers, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company's segment is focused on owning, developing and managing regional shopping centers. The Taubman Realty Group Limited Partnership (TRG) is a partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties. The Company's portfolio of operating centers consists of approximately 19 urban and suburban shopping centers in over 10 states and Puerto Rico. The consolidated businesses consist of shopping centers and entities that are controlled by ownership or contractual agreements, The Taubman Company LLC (Manager), and Taubman Properties Asia LLC and its subsidiaries (Taubman Asia). Its centers are located in metropolitan areas, in communities, including Denver, Detroit, Los Angeles, Miami, Nashville, New York City, Orlando, Salt Lake City, San Francisco, San Juan, Sarasota, St. Louis, Tampa, and Washington, D.C.
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