Morgan Stanley Reaffirms Their Buy Rating on Charter Hall Group (CTOUF)

Morgan Stanley analyst Simon Chan has reiterated a Buy rating on Charter Hall Group (CTOUF) and set a price target of A$26.89. Chan covers the real estate sector and follows Charter Hall Group alongside Goodman Group and Scentre Group. TipRanks data referenced in the note shows Chan has delivered an average return of 1.5% with a 47% success rate on stocks he recommends. The broader “Street” view cited a Moderate Buy consensus rating, with an average target price of A$25.66. Charter Hall Group’s one-year range is A$18.18 to A$25.95, and its average volume is 1.38 million shares.