Boston Properties (BXP) Receives Price Target

Boston Properties (BXP) stock is expected to deviate a maximum of $8.9 from the average target price of $145.87 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $165 and the most muted being $131.

Boston Properties (BXP) : 17 analysts are covering Boston Properties (BXP) and their average rating on the stock is 2.24, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Boston Properties (BXP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, BTIG Research initiates coverage on Boston Properties (NYSE:BXP) The brokerage firm has issued a Neutral rating on the shares. The rating by the firm was issued on August 25, 2016.

Boston Properties (NYSE:BXP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $140.28 and $139.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $141.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $141.06, notching a gain of 0.66% for the day. The total traded volume was 844,430 . The stock had closed at $140.13 on the previous day.

Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Companys properties are concentrated in four markets: Boston, New York, San Francisco and Washington, DC. The Company conducts all of its business through its subsidiary, Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office, research and development, laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services.

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