Analysts have been eager to weigh in on the Real Estate sector with new ratings on Frasers Centrepoint (FRZCF – Research Report), China Overseas Land & Investment (CAOVF – Research Report) and Pebblebrook Hotel (PEB – Research Report).
Frasers Centrepoint (FRZCF)
DBS analyst Geraldine Wong maintained a Buy rating on Frasers Centrepoint on January 5 and set a price target of S$2.60. The company’s shares closed last Friday at $1.63.
According to TipRanks.com, Wong is ranked #5873 out of 8651 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Frasers Centrepoint with a $1.86 average price target, which is a 14.0% upside from current levels. In a report issued on January 4, Goldman Sachs also upgraded the stock to Buy with a S$2.44 price target.
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China Overseas Land & Investment (CAOVF)
In a report released yesterday, Jason Lam from DBS maintained a Buy rating on China Overseas Land & Investment, with a price target of HK$18.20. The company’s shares closed last Monday at $1.55.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for China Overseas Land & Investment with a $2.81 average price target, which is an 81.3% upside from current levels. In a report issued on December 25, Jefferies also maintained a Buy rating on the stock with a HK$23.50 price target.
Pebblebrook Hotel (PEB)
Robert W. Baird analyst Michael Bellisario maintained a Hold rating on Pebblebrook Hotel on January 4 and set a price target of $14.00. The company’s shares closed last Monday at $16.07.
According to TipRanks.com, Bellisario is a 4-star analyst with an average return of
Pebblebrook Hotel has an analyst consensus of Hold, with a price target consensus of $16.22, a 4.2% upside from current levels. In a report issued on December 21, Stifel Nicolaus also maintained a Hold rating on the stock with a $15.00 price target.
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