Goodman Group (OTCMKTS:GMGSF) Stock Jumps 0.7% – What’s Next?

Goodman Group (OTCMKTS:GMGSF)’s share price shot up 0.7% on Wednesday. The stock traded as high as $18.90 and last traded at $18.68. 16,007 shares changed hands during mid-day trading, an increase of 293% from the average daily volume of 4,077 shares. The stock had previously closed at $18.55.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. The Goldman Sachs Group started coverage on Goodman Group in a research note on Monday, October 12th. They set a “buy” rating for the company. New Street Research set a $32.00 price objective on shares of Goodman Group in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Goodman Group has a consensus rating of “Buy” and a consensus target price of $32.00.

Goodman Group Trading Up 2.4%

The firm has a 50-day simple moving average of $18.45 and a two-hundred day simple moving average of $19.98.

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.