Vicinity Centres (CNRAF) Receives a Hold from Citi
Citi analyst Howard Penny maintained a Hold rating on Vicinity Centres (CNRAF – Research Report) today and set a price target of A$2.40.
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Penny covers the Real Estate sector, focusing on stocks such as Scentre Group, Shopping Centres Australasia Property Group RE, and GPT Group. According to TipRanks, Penny has an average return of 5.1% and a 63.37% success rate on recommended stocks.
Currently, the analyst consensus on Vicinity Centres is a Hold with an average price target of $1.53.
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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