GPT Group Downgraded by JPMorgan Chase & Co. to “Neutral” (GPT)
GPT Group (ASX:GPT) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Wednesday, American Banking News reports.
GPT Group (ASX:GPT) traded up 0.28% during mid-day trading on Wednesday, hitting A$3.570. The stock had a trading volume of 3,763,928 shares. GPT Group has a 1-year low of A$3.380 and a 1-year high of A$4.230. The stock’s 50-day moving average is A$3.60 and its 200-day moving average is A$3.79. The company has a market cap of A$6.224 billion and a P/E ratio of 11.41.
The GPT Group (ASX:GPT) comprises General Property Trust (Trust) and its controlled entities and GPT Management Holdings Limited (Company) and its controlled entities.
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