There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on Simon Property (SPG – Research Report) and FirstService (FSV – Research Report) with bullish sentiments.
Simon Property (SPG)
Bank of America Securities analyst Jeffrey Spector maintained a Buy rating on Simon Property today and set a price target of $167.00. The company’s shares closed last Tuesday at $143.39, close to its 52-week high of $146.91.
According to TipRanks.com, Spector is a 2-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Simon Property with a $146.83 average price target, implying a 6.8% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $152.00 price target.
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FirstService (FSV)
In a report released yesterday, Stephen Macleod from BMO Capital maintained a Buy rating on FirstService, with a price target of $193.00. The company’s shares closed last Tuesday at $164.18.
According to TipRanks.com, Macleod is a 5-star analyst with an average return of
Currently, the analyst consensus on FirstService is a Strong Buy with an average price target of $174.36, a 5.0% upside from current levels. In a report issued on January 23, Stifel Nicolaus also maintained a Buy rating on the stock with a $190.00 price target.
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Read More on SPG:
- Simon Property Shares Latest Financial Performance Update
- Simon Property Group Earnings Update: Did it Beat Estimate Forecasts?
- Simon Property raises dividend 8.3% to $1.95
- Simon® Reports Fourth Quarterand Full Year 2023 Resultsand Raises Quarterly Dividend
- Simon Property sees FY24 FFO $11.85-$12.10, consensus $12.17
