Breaking Finance News

A statement released earlier today by Goldman Sachs Group Inc about Simon Property Group Inc (NYSE:SPG) bumps the target price to $185.00

Boasting a price of $158.98, Simon Property Group Inc (NYSE:SPG) traded 0.62% higher on the day. With the last stock price close down 1.02% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Simon Property Group Inc has recorded a 50-day average of $159.43 and a two hundred day average of $163.10. Volume of trade was up over the average, with 2,811,561 shares of SPG changing hands over the typical 1,678,940

Goldman Sachs Group Inc bumped up the target of Simon Property Group Inc (NYSE:SPG) to $185.00 stating a potential upside of 0.16%.

On 6/20/2017, Goldman Sachs Group Inc. The released a statement for Simon Property Group Inc (NYSE:SPG) bumped up the target price from $175.00 to $185.00 that suggested an upside of 0.17%.

Performance Chart

Simon Property Group Inc (NYSE:SPG)

With a total market value of $0, Simon Property Group Inc has price-earnings ratio of 29.37 with a one year low of $150.15 and a one year high of $215.56 .

A total of 19 equity analysts have released a research note on SPG. Seven equity analysts rating the company a strong buy, thirteen equity analysts rating the company a buy, two equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $221.21.

More About Simon Property Group Inc (NYSE:SPG)

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.