In a report released today, Howard Penny from Citi maintained a Hold rating on Vicinity Centres (CNRAF – Research Report), with a price target of A$2.00. The company’s shares closed last Monday at $1.38.
According to TipRanks, Penny is an analyst with an average return of -2.9% and a 26.32% success rate.
Currently, the analyst consensus on Vicinity Centres is a Hold with an average price target of $1.34.
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The company has a one-year high of $1.55 and a one-year low of $1.03. Currently, Vicinity Centres has an average volume of 40.05K.
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Vicinity Centres operates as a real estate investment trust, which engages in the development, operation, and management of shopping centers. It operates through the Property Investment and Strategic Partnerships segments. The Property Investment segment comprises of net property income derived from investment in retail property. The Strategic Partnerships segement offers property management, development, leasing, and management of wholesale property funds. The company was founded on February 18, 1985 and is headquartered in Chadstone, Australia.
