GMG - Morgan Stanley rates the stock as Overweight
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First half results beat Morgan Stanley's estimates. Execution of portfolio rotation and capital management has allowed the company to deliver growth while improving the quality.
The broker expects superior growth over the next 2-3 years given the dominant market position and conservative balance sheet.
Target is $8.55. Overweight rating. Industry view is Cautious.
Sector: Real Estate.
Target price is $8.55.Current Price is $8.21. Difference: $0.34 - (brackets indicate current price is over target). If GMG meets the Morgan Stanley target it will return approximately 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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