Simon Property Group (SPG) : Analyst Rating Update

Simon Property Group (SPG) has an average broker rating of 1.59, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Simon Property Group (SPG) : Average target price received by Simon Property Group (SPG) is $223.07 with an expected standard deviation of $21.93. The most aggressive target on the stock is $254, whereas the most downbeat target is $160. 14 financial analysts are currently covering the stock.

Simon Property Group (NYSE:SPG): The stock opened at $219.68 on Wednesday but the bulls could not build on the opening and the stock topped out at $220.33 for the day. The stock traded down to $216.80 during the day, due to lack of any buying support eventually closed down at $217.54 with a loss of -1.22% for the day. The stock had closed at $220.23 on the previous day. The total traded volume was 1,397,217 shares.

Also, Mizuho Securities initiates coverage on Simon Property Group (NYSE:SPG). In the latest research report, Mizuho Securities announces the target price to $233 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 13, 2016. The company shares have rallied 23.49% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $220.25 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $203.16 and the 200 Day Moving Average price is recorded at $198.27.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P. (Operating Partnership), is the Companys majority-owned partnership subsidiary that owns all of its real estate properties and other assets. The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. As of December 31, 2014, the Company owned or held an interest in 207 properties in the United States, which consisted of 109 malls, 68 Premium Outlets, 13 Mills, three community centers, and 14 other retail properties in 37 states and Puerto Rico. As of December 31, 2014, the Company had ownership interests in nine Premium Outlets in Japan, three Premium Outlets in South Korea, two Premium Outlets in Canada, one Premium Outlet in Mexico and one Premium Outlet in Malaysia. As of December 31, 2014, the Company had non-controlling ownership interests in five outlet properties in Europe.

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