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Goldman Sachs Group, Inc. (The) announced Simon Property Group Inc (NYSE:SPG), bumping up its stock price target to $185.00 today

In a report released on 6/20/2017 Goldman Sachs Group, Inc. (The) upped the price target of Simon Property Group Inc (NYSE:SPG) to $185.00 stating a potential upside of 0.16%.

Having a price of $158.97, Simon Property Group Inc (NYSE:SPG) traded -1.04% lower on the day. With the last stock price down -1.74% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. SPG has recorded a 50-day average of $159.46 and a two hundred day average of $162.67. Trade Volume was down over the average, with 758,364 shares of SPG changing hands under the typical 1,633,860

Recent Performance Chart

Simon Property Group Inc (NYSE:SPG)

Simon Property Group Inc has PE ratio of 28.49 with a one year low of $150.15 and a one year high of $215.56 and has a market capitalization of $0.

A total of 19 brokerages have issued a ratings update on Simon Property Group Inc. Seven brokerages rating the company a strong buy, thirteen brokerages rating the company a buy, two brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $221.21.

General Company Details For 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.

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