|Bid||18.74 x 0|
|Ask||18.77 x 0|
|Day's Range||18.71 - 19.00|
|52 Week Range||11.77 - 19.95|
|Beta (5Y Monthly)||0.46|
|PE Ratio (TTM)||22.75|
|Earnings Date||Feb 25, 2020 - Mar 06, 2020|
|Forward Dividend & Yield||0.42 (2.24%)|
|Ex-Dividend Date||Aug 23, 2019|
|1y Target Est||16.89|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Lendlease Group and other ratings that are associated with the same analytical unit. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
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LendLease Group lost out on a contract to build a football stadium in Sydney after the construction firm failed to meet the "government's expectations", the sports minister for the state of New South Wales (NSW) told Reuters on Friday. The government of NSW, of which Sydney is the capital city, had earmarked A$729 million ($505.12 million) to knock down and rebuild the stadium.
The deal is a significant boon for LendLease, coming at a time when Australian developers navigate the domestic property market's worst downturn in a generation, characterized by a drop in building approvals and tighter consumer spending. It is also a major win for LendLease's strategy to expand abroad, and will see it reinforce its core role as a residential developer after being hobbled by its engineering division. The announcement sent LendLease's share price up in morning trade by as much as 5.3% to A$14.84, its highest since Nov. 8.
Investing.com - Asian markets fell in morning trade on Thursday. An interest rate cut by the Bank of Korea (BOK) and a worse-than-expected Australian jobs data were in focus.
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