In a report released today, Stuart McLean from Macquarie maintained a Buy rating on Charter Hall Group (CTOUF – Research Report), with a price target of A$14.63. The company’s shares closed yesterday at $7.98.
McLean covers the Financial sector, focusing on stocks such as Mirvac Group, Vicinity Centres, and Charter Hall Group. According to TipRanks, McLean has an average return of 1.4% and a 55.00% success rate on recommended stocks.
Currently, the analyst consensus on Charter Hall Group is a Strong Buy with an average price target of $10.18.
See Insiders’ Hot Stocks on TipRanks >>
CTOUF market cap is currently $3.9B and has a P/E ratio of 5.98.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Charter Hall Group is a property fund manager and developer managing a suite of institutional, wholesale, and retail unlisted property funds in which it holds investments. The funds are diversified across the office, retail, industrial, and residential sectors. Charter Hall’s business comprises two divisions: property investment and property funds and development management. The firm has been an active acquirer of property in recent years, and has had no shortage of investors willing to invest in these assets via the firm’s property management platform. This has been an extremely lucrative strategy given the rise in asset values flows through to high annual base fees and periodic performance fees.
Read More on CTOUF:
