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Fintel reports that on April 18, 2023, MACQUARIE RESEARCH upgraded their outlook for Scentre Group (ASX:SCG) from Underperform to Neutral .
Analyst Price Forecast Suggests 14.52% Upside
As of April 12, 2023, the average one-year price target for Scentre Group is $3.22. The forecasts range from a low of $2.66 to a high of $3.78. The average price target represents an increase of 14.52% from its latest reported closing price of $2.81.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Scentre Group is $2,239MM, a decrease of 8.91%. The projected annual non-GAAP EPS is $0.21.
What is the Fund Sentiment?
There are 260 funds or institutions reporting positions in Scentre Group. This is an increase of 10 owner(s) or 4.00% in the last quarter. Average portfolio weight of all funds dedicated to SCG is 0.29%, an increase of 8.01%. Total shares owned by institutions increased in the last three months by 0.47% to 571,373K shares.
What are Other Shareholders Doing?
VGTSX – Vanguard Total International Stock Index Fund Investor Shares holds 68,778K shares representing 1.33% ownership of the company. In it’s prior filing, the firm reported owning 69,308K shares, representing a decrease of 0.77%. The firm decreased its portfolio allocation in SCG by 1.42% over the last quarter.
DFA INVESTMENT DIMENSIONS GROUP INC – DFA International Real Estate Securities Portfolio – Institutional Class holds 57,081K shares representing 1.10% ownership of the company. In it’s prior filing, the firm reported owning 60,756K shares, representing a decrease of 6.44%. The firm decreased its portfolio allocation in SCG by 0.94% over the last quarter.
TROSX – T. Rowe Price Overseas Stock Fund holds 43,091K shares representing 0.83% ownership of the company. In it’s prior filing, the firm reported owning 43,283K shares, representing a decrease of 0.45%. The firm decreased its portfolio allocation in SCG by 2.41% over the last quarter.
VTMGX – Vanguard Developed Markets Index Fund Admiral Shares holds 39,541K shares representing 0.76% ownership of the company. In it’s prior filing, the firm reported owning 38,649K shares, representing an increase of 2.26%. The firm increased its portfolio allocation in SCG by 2.88% over the last quarter.
IEFA – iShares Core MSCI EAFE ETF holds 27,297K shares representing 0.53% ownership of the company. In it’s prior filing, the firm reported owning 27,083K shares, representing an increase of 0.78%. The firm decreased its portfolio allocation in SCG by 2.76% over the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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