Barclays Sticks to Their Hold Rating for CBL and Associates (CBL)

Barclays analyst Ross L Smotrich maintained a Hold rating on CBL and Associates (CBL) yesterday and set a price target of $3. The company’s shares opened today at $1.97, close to its 52-week low of $1.79.

According to, Smotrich is a 5-star analyst with an average return of 7.3% and a 67.7% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.

Currently, the analyst consensus on CBL and Associates is a Moderate Sell with an average price target of $2.17.

See today’s analyst top recommended stocks >>

Based on CBL and Associates’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $58.81 million. In comparison, last year the company had a net profit of $29.58 million.

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.

CBL & Associates Properties, Inc. is a real estate investment trust, which owns and operates retail properties. The firm engages in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. It operates through Malls and All Other segments.