Seritage Growth Properties (SRG) Reaches $36.25 After 9.00% Up Move; CGG ORDINARY SHARES (CGPVF) Shorts Down By 48.3%

April 17, 2018 - By Linda Rogers

CGG ORDINARY SHARES (OTCMKTS:CGPVF) had a decrease of 48.3% in short interest. CGPVF’s SI was 922,200 shares in April as released by FINRA. Its down 48.3% from 1.78M shares previously. With 100 avg volume, 9222 days are for CGG ORDINARY SHARES (OTCMKTS:CGPVF)’s short sellers to cover CGPVF’s short positions. The SI to CGG ORDINARY SHARES’s float is 4.66%. It closed at $2.03 lastly. It is down 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

The stock of Seritage Growth Properties (NYSE:SRG) is a huge mover today! The stock increased 2.03% or $0.72 during the last trading session, reaching $36.25. About 85,833 shares traded. Seritage Growth Properties (NYSE:SRG) has declined 17.63% since April 17, 2017 and is downtrending. It has underperformed by 29.18% the S&P500.The move comes after 8 months positive chart setup for the $2.05 billion company. It was reported on Apr, 17 by Barchart.com. We have $39.51 PT which if reached, will make NYSE:SRG worth $184.59 million more.

Analysts await Seritage Growth Properties (NYSE:SRG) to report earnings on May, 3. They expect $0.38 earnings per share, down 20.83% or $0.10 from last year’s $0.48 per share. SRG’s profit will be $21.50 million for 23.85 P/E if the $0.38 EPS becomes a reality. After $0.21 actual earnings per share reported by Seritage Growth Properties for the previous quarter, Wall Street now forecasts 80.95% EPS growth.

Among 2 analysts covering Seritage Growth Properties (NYSE:SRG), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Seritage Growth Properties has $62 highest and $38.0 lowest target. $41’s average target is 13.10% above currents $36.25 stock price. Seritage Growth Properties had 13 analyst reports since December 5, 2016 according to SRatingsIntel. Boenning & Scattergood maintained the stock with “Sell” rating in Tuesday, November 21 report. RBC Capital Markets downgraded it to “Outperform” rating and $62 target in Monday, December 5 report. The company was maintained on Wednesday, November 29 by RBC Capital Markets. The firm has “Sell” rating given on Tuesday, August 8 by Boenning & Scattergood. The stock of Seritage Growth Properties (NYSE:SRG) earned “Hold” rating by RBC Capital Markets on Monday, March 26. On Thursday, March 8 the stock rating was maintained by Boenning & Scattergood with “Sell”. RBC Capital Markets maintained Seritage Growth Properties (NYSE:SRG) on Wednesday, June 7 with “Hold” rating. The stock has “Sell” rating by Boenning & Scattergood on Tuesday, June 27. RBC Capital Markets maintained it with “Hold” rating and $4800 target in Thursday, August 3 report. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, November 2.

Seritage Growth Properties is a real estate investment trust. The company has market cap of $2.05 billion. It invests in the real estate markets of United States. It currently has negative earnings. The firm is engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate.

Seritage Growth Properties (NYSE:SRG) Ratings Chart

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By1 Linda Rogers

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