Goodman Group shares have had a much tougher run recently.
A move from $26.35 to $30 would represent a gain of around 14%.
Consensus forecasts point to EPS increasing to 142 cents in FY27 and then 151 cents in FY28.
If Goodman shares reached $30, the stock would trade on about 21 times FY27 forecast earnings or just under 20 times FY28 earnings.
For me, $30 looks like a realistic target for Goodman shares in 2027.
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Goodman Group shares have had a much tougher run recently. For me, $30 looks like a realistic target for Goodman shares in 2027.
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The article, shortened and in plain language
Goodman Group shares have had a much tougher run recently.
The property giant is trading around $26.35 on Friday, well below the levels investors were willing to pay earlier in the year.
For investors considering the stock today, the question is whether this weakness has created an opportunity.
A move from $26.35 to $30 would represent a gain of around 14%.
Earnings per share came in at 129.9 cents in FY26. Consensus forecasts point to EPS increasing to 142 cents in FY27 and then 151 cents in FY28.
At today's price of around $26.35, Goodman is trading on a PE ratio of about 18.6 times forecast FY27 earnings.
If Goodman shares reached $30, the stock would trade on about 21 times FY27 forecast earnings or just under 20 times FY28 earnings.
If earnings per share reaches 142 cents in FY27 and 151 cents in FY28, Goodman should continue growing into its valuation over the next couple of years.
For me, $30 looks like a realistic target for Goodman shares in 2027.
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