Prologis with ticker code (PLD) now have 15 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between $193.00 and $126. and has a mean target at $158.07. Given that the stocks previous close was at $137.24 this would imply there is a potential upside of 15.2%. The 50 day MA is $123.79 and the 200 moving average now moves to $144.73. The company has a market capitalisation of $102,454m. You can visit the company’s website by visiting: https://www.prologis.com
The potential market cap would be $118,004m 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.
