Taubman Centers, Inc. (NYSE:TCO) stock price target bumped up to $87.00, issued a ratings update today by Goldman Sachs Group Inc.
- Updated: September 27, 2016
Stating a potential upside of 0.15%, Goldman Sachs Group Inc. upped the price target of Taubman Centers, Inc. (NYSE:TCO) to $87.00
Displaying a price of $75.50, Taubman Centers, Inc. (NYSE:TCO) traded -1.91% lower on the day. With the last close up 2.84% from the 200-day moving average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day average of $77.19 and a two hundred day average of $73.42. 361,045 shares of the stock traded hands, up from an average trading volume of 329,588
With a market capitalization of $0, Taubman Centers, Inc. has P/E ratio of 39.74 with a 52 week low of $63.32 and a 52 week high of $81.68 .
A total of 13 analysts have released a report on the company. One equity analyst rating the stock a strong buy, 4 analysts rating the company a buy, ten brokers rating the stock a hold, 0 brokerages rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus stock price target of $79.92.
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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