EastGroup Properties (NYSE: EGP) had its price target raised by Raymond James from $56.00 to $61.00 in a research report released on Friday morning.
A number of other firms have also recently commented on EGP. Analysts at BMO Capital Markets raised their price target on shares of EastGroup Properties from $51.00 to $56.00 in a research note to investors on Thursday, February 14th. Separately, analysts at Wells Fargo downgraded shares of EastGroup Properties from an outperform rating to a market perform rating in a research note to investors on Wednesday, January 16th. Finally, analysts at KeyBanc downgraded shares of EastGroup Properties from a buy rating to a hold rating in a research note to investors on Thursday, January 10th.
One research analyst has rated the stock with a buy rating, one has issued an overweight rating, nine have given a hold rating, and one has given a sell rating to the company. The stock currently has a consensus rating of hold and a consensus target price of $55.50.
Shares of EastGroup Properties traded up 1.84% during mid-day trading on Friday, hitting $57.69. EastGroup Properties has a 52 week low of $46.75 and a 52 week high of $58.02. The stock’s 50-day moving average is currently $55.7. The company has a market cap of $1.673 billion and a P/E ratio of 50.00.
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