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Goldman Sachs Group Inc announced GGP Inc (NYSE:GGP), dropping its stock price target to $22.00 today

Having a price of $23.78, GGP Inc (NYSE:GGP) traded 0.55% higher on the day. With the last close up -4.04% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. GGP has recorded a 50-day average of $21.46 and a two hundred day average of $22.74. Trade Volume was up over the average, with 14,486,663 shares of GGP changing hands over the typical 5,527,070

In a report released on Tuesday June 20, 2017 Goldman Sachs Group Inc reduced the stock price target of GGP Inc (NYSE:GGP) from $23.00 to $22.00 indicating a possible downside of -0.07%.

On 6/20/2017, Goldman Sachs Group Inc. The released a statement on GGP Inc (NYSE:GGP) dropped the target price from $23.00 to $22.00 that suggested a downside of -0.07%.

Recent Performance Chart

GGP Inc (NYSE:GGP)

GGP Inc has PE ratio of 18.31 with a one year low of $20.31 and a one year high of $28.90 and has a market capitalization of $0.

A total of 15 analysts have released a report on GGP Inc. Four analysts rating the company a strong buy, nine analysts rating the company a buy, four analysts rating the company a hold, one firm rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $32.27.

About GGP Inc (NYSE:GGP)

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. As of December 31, 2016, the Company owned, either entirely or with joint venture partners, 127 retail properties located throughout the United States comprising approximately 125 million square feet of gross leasable area (GLA). As of December 31, 2016, the Company's retail properties included 200 Lafayette, The Shoppes at Buckland Hills, Northridge Fashion Center, Brass Mill Center, Jordan Creek Town Center, Westroads Mall and Stonestown Galleria. The Company's business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN and GGPOP, the Operating Partnerships), subsidiaries of GGP.

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