Great Portland Estates (LON:GPOR)‘s stock had its “hold” rating restated by equities research analysts at Liberum Capital in a report released on Monday, December 18th. They currently have a GBX 660 ($8.95) price objective on the stock. Liberum Capital’s price objective points to a potential upside of 0.38% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the stock. Deutsche Bank cut shares of Great Portland Estates to a “hold” rating and dropped their price objective for the company from GBX 710 ($9.63) to GBX 620 ($8.41) in a report on Monday, September 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 710 ($9.63) price target on shares of Great Portland Estates in a research note on Thursday, November 16th. Credit Suisse Group upgraded shares of Great Portland Estates to an “outperform” rating and lifted their price target for the stock from GBX 630 ($8.54) to GBX 740 ($10.04) in a research note on Wednesday, December 6th. Societe Generale reiterated a “sell” rating and issued a GBX 570 ($7.73) price target on shares of Great Portland Estates in a research note on Thursday, November 16th. Finally, Jefferies Group reiterated an “underperform” rating and issued a GBX 525 ($7.12) price target on shares of Great Portland Estates in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 667.14 ($9.05).
Shares of Great Portland Estates (GPOR) traded down GBX 11 ($0.15) on Monday, hitting GBX 657.50 ($8.92). 1,141,375 shares of the company’s stock were exchanged, compared to its average volume of 865,164. Great Portland Estates has a 1-year low of GBX 582 ($7.89) and a 1-year high of GBX 702 ($9.52).
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Great Portland Estates Company Profile
Great Portland Estates plc, through its subsidiaries, operates as a real estate investment trust (REIT). It develops freehold and leasehold, residential, retail, and office properties in London. The company has elected to be treated as a REIT under the Internal Revenue Code and would not be subject to federal income tax, provided it distributes approximately 90% of its taxable income to its shareholders.
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