Goodman Ready To Head Higher

Technicals | May 24 2018

Bottom Line 23/05/18

Daily Trend: Up
WeeklyTrend: Up
Monthly Trend: Up
Support Levels: $8.93 - $8.62 / $7.50 / $7.21 / $6.78
Resistance Levels: $17.18

Technical Discussion

Goodman Group ((GMG)) is an Australia based integrated commercial and industrial property group that owns, develops and manages real estate, namely warehouses and large-scale facilities, business parks and offices globally. The company also offers a range of investment funds in the property sector which provide investors access to specialist investment management within the commercial and industrial property sector. For the six months ending the 31st of December 2017 revenues increased 1% to A$766.2M. Net income decreased 3% to A$542.7M. Revenues highlight the Continental Europe section increase of 12% to A$436.4M and the Asia section increase of 4% to A$112.9M. Net income was offset by Net consideration from disposal increase from A$3.4M to A$203.3M. Broker consensus is currently "Hold". The dividend yield is 2.9%.

The full story is for FNArena subscriber only. To subcribe click here

If you are New to FNArena click here for a trial