Taubman Centers Gets a Hold Rating from Boenning & Scattergood

By Austin Angelo

Boenning & Scattergood analyst Floris van Dijkum reiterated a Hold rating on Taubman Centers (NYSE: TCO) today. The company’s shares closed on Friday at $57.50, close to its 52-week high of $81.68.

According to TipRanks.com, Dijkum is a 2-star analyst with an average return of 2.2% and a 44.0% success rate. Dijkum covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Retail Properties of America Inc, and General Growth Properties Inc.

Currently, the analyst consensus on Taubman Centers is Hold and the average price target is $58, representing a 0.9% upside.

In a report issued on July 24, Jefferies also reiterated a Hold rating on the stock with a $58 price target.

Taubman Centers’ market cap is currently $3.49B and has a P/E ratio of 35.08. The company has a book value ratio of 54.8235.

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Taubman Centers, Inc. operates as a real estate investment trust. Its engaged in the ownership, leasing, acquisition, disposition, development, expansion, and management of regional shopping centers. The company was founded by A. Alfred Taubman in 1950 and is headquartered in Bloomfield Hills, MI.