MA Financial Group Reaffirms Their Buy Rating on GDI Property Group (GDI)

MA Financial Group analyst Murray Connellan maintained a Buy rating on GDI Property Group yesterday and set a price target of A$0.96.

Connellan covers the Real Estate sector, focusing on stocks such as GDI Property Group, Growthpoint Properties Australia, and Dexus Industria REIT. According to TipRanks, Connellan has an average return of 2.2% and a 52.67% success rate on recommended stocks.

In a report released yesterday, Bell Potter also maintained a Buy rating on the stock with a A$0.80 price target.

Based on GDI Property Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$38.96 million and a net profit of A$16.41 million. In comparison, last year the company earned a revenue of A$42.1 million and had a net profit of A$2.41 million