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TipRanksStock Market NewsPLD NewsPrologis (PLD) Initiated with a Buy at BMO Capital
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Prologis (PLD) Initiated with a Buy at BMO Capital

BMO Capital analyst John Kim initiated coverage with a Buy rating on Prologis (PLDResearch Report) today and set a price target of $170.00. The company’s shares closed last Wednesday at $152.28.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 3.1% and a 52.5% success rate. Kim covers the Financial sector, focusing on stocks such as Easterly Government Properties, National Health Investors, and Hudson Pacific Properties.

Currently, the analyst consensus on Prologis is a Strong Buy with an average price target of $180.42, representing a 18.3% upside. In a report issued on April 22, J.P. Morgan also maintained a Buy rating on the stock with a $184.00 price target.

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The company has a one-year high of $174.54 and a one-year low of $112.00. Currently, Prologis has an average volume of 3.09M.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Prologis, Inc. is a real estate investment trust which is engaged in the logistics real estate business. The company owns, operates and develops industrial real estate, with a focus on the consumption side of the global supply chain.

Read More on PLD:

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