Ingenia Communities Group received a Buy rating and a A$4.50 price target from MA Financial Group analyst Murray Connellan today.
According to TipRanks, Connellan is a 3-star analyst with an average return of 2.0% and a 51.32% success rate. Connellan covers the Real Estate sector, focusing on stocks such as GDI Property Group, Growthpoint Properties Australia, and Dexus Industria REIT.
In a report released yesterday, Citi also maintained a Buy rating on the stock with a A$5.43 price target.
Based on Ingenia Communities Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$302.87 million and a net profit of A$89.01 million. In comparison, last year the company earned a revenue of A$266.37 million and had a net profit of A$40.86 million
