Taubman Centers, Inc. (NYSE:TCO)’s share price reached a new 52-week low on Monday . The stock traded as low as $31.88 and last traded at $31.99, with a volume of 853975 shares changing hands. The stock had previously closed at $32.48.
Several research firms have recently weighed in on TCO. Morgan Stanley reduced their price target on shares of Taubman Centers from $45.00 to $41.00 and set an “equal weight” rating for the company in a report on Tuesday, September 3rd. JPMorgan Chase & Co. lowered shares of Taubman Centers from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $51.00 to $42.00 in a report on Tuesday, October 8th. ValuEngine raised shares of Taubman Centers from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Citigroup reduced their target price on shares of Taubman Centers from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Finally, Sandler O’Neill lowered shares of Taubman Centers from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Taubman Centers currently has an average rating of “Hold” and an average price target of $50.14.
The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 2.23 and a beta of 0.64. The stock has a 50-day moving average of $35.35 and a 200-day moving average of $40.01.
About Taubman Centers (NYSE:TCO)
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia and one under development. Taubman's U.S.-owned properties are the most productive in the publicly held U.S.
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