The stock of Abacus Property Group (ASX:ABP) is a huge mover today! The stock increased 1.10% or $0.03 on November 18, hitting $2.76. About 757,563 shares traded hands. Abacus Property Group (ASX:ABP) has declined 10.68% since April 22, 2016 and is downtrending. It has underperformed by 15.11% the S&P500.
The move comes after 9 months positive chart setup for the $1.57 billion company. It was reported on Nov, 18 by Barchart.com. We have $3.31 PT which if reached, will make ASX:ABP worth $314.00 million more.
More notable recent Abacus Property Group (ASX:ABP) news were published by: Reuters.com which released: “BRIEF-Abacus Property Group updates on guidance” on November 14, 2016, also Reuters.com with their article: “BRIEF-Abacus Property Group to acquire assets in east Australian cities” published on October 10, 2016, Reuters.com published: “BRIEF-Abacus Property Group sells 50% interest in Westpac House, Adelaide” on October 31, 2016. More interesting news about Abacus Property Group (ASX:ABP) were released by: Smh.com.Au and their article: “Abacus Property Group forms $200m partnership” published on October 11, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Abacus Property and Investec Australia Property Fund agreed to acqui…” with publication date: October 10, 2016.
Abacus Property Group is a real estate investment. The company has a market cap of $1.57 billion. The principal activities of the Company include investment in office, retail and industrial properties, investment in self-storage facilities, participation in property ventures and developments, and property funds management. It has a 8.24 P/E ratio. The Company’s divisions include Property, Storage, Property Ventures, Funds Management, AHF, ADIFII and AWLF.
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