Prologis with ticker code (PLD) now have 19 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between $193.00 and $147. with a mean TP of $171.58. Given that the stocks previous close was at $154.14 this indicates there is a potential upside of 11.3%. The 50 day moving average now sits at $156.52 and the 200 moving average now moves to $134.27. The market capitalisation for the company is $114,914m. Company Website: https://www.prologis.com
The potential market cap would be $127,915m based on the market concensus.
Prologis is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
