Goodman Group (OTCMKTS:GMGSF) Shares Climb 0.7% – Here’s What Happened

Goodman Group (OTCMKTS:GMGSF) was up 0.7% on Wednesday. The stock traded as high as $18.90 and last traded at $18.68. 16,007 shares traded hands during trading, an increase of 293% from the average session volume of 4,077 shares. The stock had previously closed at $18.55.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. New Street Research set a $32.00 target price on Goodman Group in a research report on Monday, October 12th. The Goldman Sachs Group assumed coverage on Goodman Group in a research note on Monday, October 12th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $32.00.

Goodman Group Stock Up 0.7%

The stock’s fifty day moving average price is $18.49 and its 200 day moving average price is $19.99.

About Goodman Group

Goodman Group (OTCMKTS:GMGSF) is an integrated property group that owns, develops and manages industrial and business-space real estate. Its portfolio primarily includes logistics facilities, warehouses, distribution centers and other properties used by manufacturers, retailers, e-commerce companies and logistics providers.

The group also develops and manages data-center facilities and related infrastructure in selected markets. Its activities span the property lifecycle, including site acquisition, planning, development, asset management and property services for institutional and other investment partners.

Goodman Group has roots in Australia and serves major logistics and data-center markets across Australia and New Zealand, Asia, Europe, the United Kingdom and the Americas.