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Citi Sticks to Their Hold Rating for Vicinity Centres (CNRAF)

Citi Sticks to Their Hold Rating for Vicinity Centres (CNRAF)

Citi analyst Howard Penny maintained a Hold rating on Vicinity Centres (CNRAF – Research Report) today and set a price target of A$2.40. The company's shares closed last Friday at $1.30.
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According to TipRanks, Penny is a 4-star analyst with an average return of 5.3% and a 66.02% success rate. Penny covers the Real Estate sector, focusing on stocks such as Scentre Group, GPT Group, and Goodman Group.
The word on The Street in general, suggests a Hold analyst consensus rating for Vicinity Centres with a $1.53 average price target.
Based on Vicinity Centres' latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $702.3 million and a net profit of $492.6 million. In comparison, last year the company earned a revenue of $642.2 million and had a net profit of $223.5 million
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