ProLogis (PLD) Receives Price Target

ProLogis (PLD) : 14 investment research analysts covering ProLogis (PLD) have an average price target of $52.86 for the near short term. The highest target price given by the Brokerage Firm to the stock is $59 and the lowest target is $48 for the short term. Analysts expect the variance to be within $3.28 of the average price.

ProLogis (PLD) : Zacks Investment Research ranks ProLogis (PLD) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.34, which indicates as a Buy.


Also, BTIG Research initiates coverage on ProLogis (NYSE:PLD). The shares have now been rated Buy by the stock experts at the ratings house. BTIG Research announces the current price target of $60 per share on ProLogis . The rating by the firm was issued on August 25, 2016.

ProLogis (NYSE:PLD): The stock opened at $53.14 on Thursday but the bulls could not build on the opening and the stock topped out at $53.27 for the day. The stock traded down to $52.58 during the day, due to lack of any buying support eventually closed down at $53.02 with a loss of -0.17% for the day. The stock had closed at $53.11 on the previous day. The total traded volume was 1,899,978 shares.

Prologis, Inc. is engaged in industrial logistics real estate, focused on markets across the Americas, Europe and Asia. The Company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers. The Companys business consists of two operating segments: Real Estate Operations and Strategic Capital. The Companys customer base represents a spectrum of international, national, regional and local distribution users. As of December 31, 2014, the Company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 590 million square feet (55 million square meters) in 21 countries.

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