Macquarie Target today is $16.49

Macquarie rates GMG as Outperform (1) - Goodman Group's investorday presentation has left the broker's investment thesis intact. Demand remainsstrong globally, and data centres and cold storage are becoming increasinglyimportant tenant categories.

All up the day provided an incremental positive. The brokerretained Outperform, lifting its target to $16.49 from $14.57.

Target price is $16.49 Current Price is $15.01 Difference: $1.48If GMG meets the Macquarie target it will return approximately 10% (excludingdividends, fees and charges). Current consensus price target is $14.10,suggesting downside of -6.1%(ex-dividends)The company's fiscal year ends inJune.

Forecast for FY19:

Macquarie forecasts a full year FY19 dividend of 30.00 cents andEPS of 52.10 cents .At the last closing share price the estimated dividendyield is 2.00%. At the last closing share price the stock's estimated Price toEarnings Ratio (PER) is 28.81. How do these forecasts compare to marketconsensus projections?

Current consensus EPS estimate is 51.5, implying annual growthof -15.7%.Current consensus DPS estimate is 30.0, implying a prospectivedividend yield of 2.0%.Current consensus EPS estimate suggests the PER is29.1.Forecast for FY20:

Macquarie forecasts a full year FY20 dividend of 30.00 cents andEPS of 57.80 cents .At the last closing share price the estimated dividendyield is 2.00%. At the last closing share price the stock's estimated Price toEarnings Ratio (PER) is 25.97. How do these forecasts compare to market consensusprojections?

Current consensus EPSestimate is 55.1, implying annual growth of 7.0%.Current consensus DPS estimateis 31.1, implying a prospective dividend yield of 2.1%.Current consensus EPSestimate suggests the PER is 27.2.Market Sentiment: 0.3All consensus data areupdated until yesterday. FNArena's consensus calculations require a minimum ofthree sources