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) : Currently there are 14 street experts covering Simon Property Group (SPG) stock. The most bullish and bearish price target for the stock is $254 and $160 respectively for the short term. The average price target of all the analysts comes to $223.07. The estimated standard deviation from the target is $21.93.
For the current week, the company shares have a recommendation consensus of Buy.
Simon Property Group (NYSE:SPG): The stock opened at $221.33 on Tuesday but the bulls could not build on the opening and the stock topped out at $221.84 for the day. The stock traded down to $219.18 during the day, due to lack of any buying support eventually closed down at $221.46 with a loss of -0.13% for the day. The stock had closed at $221.74 on the previous day. The total traded volume was 1,255,088 shares.
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.