Latest news with #GoodmanGroup
Business Insider
14-07-2025
- Business
- Business Insider
Macquarie downgrades Goodman Group (GMGSF) to a Hold
In a report released today, from Macquarie downgraded Goodman Group to a Hold, with a price target of A$35.24. The company's shares closed last Friday at $21.60. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Goodman Group has an analyst consensus of Strong Buy, with a price target consensus of $24.78, implying a 14.75% upside from current levels. In a report released on July 9, Morgans also downgraded the stock to a Hold with a A$37.20 price target. The company has a one-year high of $30.00 and a one-year low of $14.31. Currently, Goodman Group has an average volume of 1,069.
Business Insider
09-07-2025
- Business
- Business Insider
Goodman Group (GMGSF) was downgraded to a Hold Rating at Morgans
Morgans analyst Liam Schofield downgraded Goodman Group to a Hold today and set a price target of A$37.20. The company's shares closed last Monday at $21.36. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Schofield is a 3-star analyst with an average return of 7.5% and a 49.12% success rate. Schofield covers the Real Estate sector, focusing on stocks such as Goodman Group, Dexus Industria REIT, and Centuria Office REIT. Goodman Group has an analyst consensus of Strong Buy, with a price target consensus of $24.45. Based on Goodman Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.95 billion and a net profit of $799.8 million. In comparison, last year the company earned a revenue of $1.03 billion and had a GAAP net loss of $220.1 million
Business Insider
07-07-2025
- Business
- Business Insider
Morgan Stanley Keeps Their Buy Rating on Goodman Group (GMGSF)
In a report released today, Simon Chan from Morgan Stanley maintained a Buy rating on Goodman Group, with a price target of A$40.47. The company's shares closed last Monday at $22.50. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Chan is a 2-star analyst with an average return of 0.5% and a 45.32% success rate. Chan covers the Real Estate sector, focusing on stocks such as Home Consortium Ltd, Dexus, and Goodman Group. Goodman Group has an analyst consensus of Strong Buy, with a price target consensus of $24.39, implying an 8.40% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a A$40.00 price target.
Business Insider
07-07-2025
- Business
- Business Insider
Analysts Have Conflicting Sentiments on These Real Estate Companies: Goodman Group (OtherGMGSF) and Redfin (RDFN)
Analysts have been eager to weigh in on the Real Estate sector with new ratings on Goodman Group (GMGSF – Research Report) and Redfin (RDFN – Research Report). Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Goodman Group (GMGSF) Citi analyst Howard Penny maintained a Buy rating on Goodman Group today and set a price target of A$40.00. The company's shares closed last Monday at $22.50. According to Penny is a 4-star analyst with an average return of 7.0% and a 73.0% success rate. Penny covers the NA sector, focusing on stocks such as Shopping Centres Australasia Property Group RE, Charter Hall Group, and Vicinity Centres. Currently, the analyst consensus on Goodman Group is a Strong Buy with an average price target of $24.39, which is an 8.4% upside from current levels. In a report issued on June 23, Morgans also maintained a Buy rating on the stock with a A$36.65 price target. Redfin (RDFN) D.A. Davidson analyst Tom White maintained a Hold rating on Redfin on July 3. The company's shares closed last Monday at $11.19. According to White is a 3-star analyst with an average return of 1.2% and a 44.2% success rate. White covers the Technology sector, focusing on stocks such as Uber Technologies, Trade Desk, and Lyft. The word on The Street in general, suggests a Hold analyst consensus rating for Redfin with a $10.70 average price target, which is a -5.9% downside from current levels. In a report issued on July 1, William Blair also assigned a Hold rating to the stock.
New Straits Times
04-07-2025
- Business
- New Straits Times
Australia's Goodman Group creates US$2.7 billion group to invest in Hong Kong data centres
SYDNEY: Australia's Goodman Group will establish a US$2.7 billion investment consortium with international pension funds and investors to develop data centre businesses across Hong Kong, the company said on Friday. The industrial property group said it had joined forces with Dutch investors PGGM and APG, the Canada Pension Plan Investment Board, and CBRE Investment Management's Indirect Private Real Estate Strategies. It said an unnamed Middle Eastern investor was also involved. Goodman will be a 20 per cent cornerstone investor in the partnership, it said in a statement. The Sydney-based company's shares rose 1 per cent on Friday to A$35.08, outpacing a flat S&P/ASX200. The stock is trading close to a five-month high. The group will own four existing Hong Kong data centres held by Goodman in an industrial partnership and two centres currently being developed. Goodman's portfolio accounts for approximately 30 per cent of Hong Kong's data centre market by power capacity, it said. Goodman has similar data centre partnerships in Japan and Europe. It said the Japanese partnership will have US$1.1 billion in assets by the end of 2025. Goodman has a A$10 billion (US$6.57 billion) industrial property portfolio in Hong Kong, part of which could be converted to data centres in the future, Chief Executive Greg Goodman said. "There's opportunities in the industrial portfolio. We have to basically redevelop them into data centres and they would then come into this partnership for development," Goodman told Reuters in a telephone interview. "There's a lot of inquiry now coming out of China, you've seen a big push in artificial intelligence in China. China is on a big growth path in regard to digital evolution and the whole AI sector. So you can expect a lot of Chinese operators also very interested in Hong Kong."
