Scentre Group

Morgan Stanley Maintains Buy Rating on Scentre Group with Price Target of $4.60 AUD

Citibank Maintains Buy Rating on Scentre Group with a Target Price of 4.60 AUD

Scentre Group Reports 2.8% Sales Growth in Q1 2025

Scentre Group Announces Termination of 272,547 Performance Rights, Potentially Impacting Capital Structure

Morgan Stanley analyst Simon Chan maintained a Buy rating on Scentre Group with a price target of A$4.60. Chan, a 3-star analyst, covers the Real Estate sector. Scentre Group also received a Buy rating from Citi's Howard Penny, while UBS maintained a Hold rating.

Tip Ranks

Scentre Group (STGPF) Receives a Buy from Morgan Stanley

Citi analyst Howard Penny has maintained a Buy rating on Scentre Group (STGPF) with a price target of A$4.60. Penny, a 4-star analyst with a 69.29% success rate, focuses on the Real Estate sector. The consensus for Scentre Group is a Moderate Buy, with a price target consensus of $2.80.

Scentre Group (STGPF) Gets a Buy from Citi

Scentre Group's Total Annual Business Partner Sales to Sept. 30 Rises AU$760 million Year-over-Year

marketscreener

Scentre Group's Total Annual Business Partner Sales to Sept. 30 Rises AU$760 million Year-over-Year

Scentre Group (AU:SCG) reported a 3.1% increase in customer visitation at its Westfield destinations, with business partner sales reaching $29.5 billion. The company is focusing on strategic investments in redevelopments and new experiences to enhance its market position. Analysts rate SCG stock as a Buy with a price target of A$4.50. Scentre Group operates 42 Westfield locations in Australia and New Zealand, aiming to create appealing destinations for communities and businesses.

Scentre Group Sees Growth in Visitation and Sales Amid Strategic Investments

In addition to Ord Minnett, Scentre Group also received a Hold from UBS’s Tom Bodor in a report issued on October 22. However, on October 24, J.P. Morgan maintained a Buy rating on Scentre Group (Other OTC: STGPF).

Ord Minnett Sticks to Their Hold Rating for Scentre Group (STGPF)

Penny covers the Real Estate sector, focusing on stocks such as Goodman Group, Scentre Group, and ABACUS STORAGE KING. According to TipRanks, Penny has an average return of 7.1% and a 65.94% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Scentre Group with a $2.78 average price target.

Citi Sticks to Their Buy Rating for Scentre Group (STGPF)

** Shares of property developer Scentre Group fall as much as 1.4% to A$4.11, on track for worst session since October 7 ** Co responds to media report on stake sale of its Westfield Chermside shopping centre in Brisbane ** Says it continues to evaluate strategic opportunities including introduction of joint venture partners for the asset, no other details ** Stock up 20.3% YTD

Reuters

Australia's Scentre Group falls on skirting around plans for Brisbane shopping centre

Scentre Group :RESPONSE TO MEDIA REPORTCONTINUES TO EVALUATE STRATEGIC OPPORTUNITIES INCLUDING INTRODUCTION OF JOINT VENTURE PARTNERSMEDIA REPORT REFERS TO POTENTIAL SALE OF FURTHER INTEREST IN WESTFIELD CHERMSIDE TO DEXUS FUND

Scentre Group Responds To Media Report Of Potential Interest Sale In Westfield Chermside

Scentre Group Considering Strategic Options in Capital Management

Scentre Group Considering Strategic Options in Capital Management

According to TipRanks, Bodor is an analyst with an average return of -1.8% and a 52.27% success rate. Bodor covers the Real Estate sector, focusing on stocks such as Dexus, Stockland, and HomeCo Daily Needs REIT. Scentre Group has an analyst consensus of Moderate Buy, with a price target consensus of $2.79.

UBS Sticks to Its Hold Rating for Scentre Group (STGPF)

According to TipRanks, Penny is a 4-star analyst with an average return of 7.5% and a 68.84% success rate. Penny covers the Real Estate sector, focusing on stocks such as Goodman Group, Scentre Group, and ABACUS STORAGE KING. Currently, the analyst consensus on Scentre Group is a Moderate Buy with an average price target of $2.79.

Citi Remains a Buy on Scentre Group (STGPF)

Penny covers the Real Estate sector, focusing on stocks such as Goodman Group, ABACUS STORAGE KING, and Scentre Group. According to TipRanks, Penny has an average return of 7.5% and a 70.37% success rate on recommended stocks. Scentre Group has an analyst consensus of Moderate Buy, with a price target consensus of $2.84, implying a 20.85% upside from current levels. In a report released on September 26, Morgan Stanley also maintained a Buy rating on the stock with a A$4.60 price target.

Citi Keeps Their Buy Rating on Scentre Group (STGPF)

Scentre Group :SCENTRE GROUP PRICES EUR 500 MILLION OF SENIOR NOTESPRICES 8-YEAR SENIOR NOTES WITH FIXED COUPON OF 3.45% UNDER EURO MEDIUM TERM NOTE PROGRAMME