Goodman Group (OTCMKTS:GMGSF) Trading Up 2.4% – Should You Buy?

Goodman Group (OTCMKTS:GMGSF)’s stock price was up 2.4% during trading on Wednesday . The stock traded as high as $22.67 and last traded at $22.67. Approximately 142 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,303 shares. The stock had previously closed at $22.14.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group set a $39.00 price target on Goodman Group and gave the stock a “buy” rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $39.00.

Goodman Group Price Performance

The company’s 50 day simple moving average is $21.73 and its 200-day simple moving average is $20.36.

Goodman Group Company Profile

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom and the Americas. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally.