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Prologis (NYSE:PLD) target price raised to $59.00, reported today by RBC Capital Markets

Just yesterday Prologis (NYSE:PLD) traded 0.28% higher at $56.34. The company’s 50-day moving average is $63.86 and its 200-day moving average is $58.69. The last closing price is down 10.21% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Volume of trade was down over the average, with 39,288 shares of PLD changing hands under the typical 1,981,070

Prologis (NYSE:PLD) had its target price raised to $59.00 by RBC Capital Markets in a report released 6/8/2017. The new target price indicates a possible upside of 0.05% based on the company's last stock close price.

Previously on 06/07/2017, Zacks Investment Research reported about Prologis (NYSE:PLD) raised the target price from $0.00 to $63.00. At the time, this indicated a possible upside of 0.12%.

Performance Chart

Prologis (NYSE:PLD)

With a market capitalization of $0, Prologis has PE ratio of 29.03 with a one year low of $45.93 and a one year high of $65.54 .

A total of 13 analysts have released a research note on PLD. Four analysts rating the company a strong buy, ten analysts rating the company a buy, six analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $15.46.

More About Prologis (NYSE:PLD)

Prologis, Inc. is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company's segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company's strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures. Its strategic capital segment gives the Company access to third-party capital, both private and public. As of December 31, 2016, the Company owned or had investments in, on an owned basis or through co-investment ventures, properties and development projects across 676 million square feet (63 million square meters) in 20 countries spanning four continents.

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