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GMG - Macquarie rates the stock as Outperform
BY BROKER NEWS - 19/06/2017 | VIEW MORE BROKER UPDATES

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GMG - GOODMAN GROUP


The company hosted an asset tour in Sydney. Macquarie observes, given the company's significant relationship with Amazon globally, it still appears well-placed to satisfy some of the requirements.

That said, little information was provided regarding Amazon, with the broker noting confidentiality constraints were cited frequently. The broker observes the balance sheet is fine, with the business still focused on its core and in no rush to deploy surplus funds. Gearing remains low.

The stock is not cheap, but Macquarie believes the certainty of near-term earnings and the options on the balance sheet, with further potential upside from renewal opportunities suggests it will continue to outperform.

Outperform retained. Target is $8.52.

Sector: Real Estate.

Target price is $8.52.Current Price is $8.66. Difference: ($0.14) - (brackets indicate current price is over target). If GMG meets the Macquarie target it will return approximately -2% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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