In a report released today, Simon Chan from Morgan Stanley maintained a Buy rating on Scentre Group (STGPF – Research Report), with a price target of A$3.79. The company’s shares closed last Tuesday at $2.15.
According to TipRanks, Chan is an analyst with an average return of -2.7% and a 36.27% success rate. Chan covers the Real Estate sector, focusing on stocks such as Goodman Group, GPT Group, and Scentre Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Scentre Group with a $2.21 average price target.
STGPF market cap is currently $11B and has a P/E ratio of 94.64.
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Scentre Group (STGPF) Company Description:
Scentre Group engages in the ownership and operation of pre-eminent shopping center in Australia and New Zealand. It operates through the Property Investment, and Property Management and Construction segments. The Property Investment segment includes net property income from shopping centers. The Property Management and Construction segment refers to the external fee income from third parties, primarily property management and development fees, and associated business expenses. The company was founded in July,1959 and is headquartered in Sydney, Australia.
