Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $33.150 on General Growth Properties, Inc. (NYSE:GGP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.540 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of General Growth Properties, Inc. (NYSE:GGP) stands at 41.247.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For General Growth Properties, Inc., the PEG ratio for coming 3-5 years is 2.890.
The technical analysis highlights that General Growth Properties, Inc. current is trading $-1.212 points away or -3.930% from its 50-day moving average of $30.827. Further it is trading $0.877 or +3.050% away its 200-day moving average of $28.738.
The 52-week high of General Growth Properties, Inc. (NYSE:GGP) was $32.100 while lowest point recorded in 52-week was $24.220. It implies if stock price makes a movement of over $-2.485, it will record a new 52-week high. In the case of +22.275% drop, it will touch a new 52-week low.
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