Great Portland Estates Lowered to “Sell” at Deutsche Bank (GPOR)
Great Portland Estates (LON:GPOR) was downgraded by investment analysts at Deutsche Bank to a “sell” rating in a note issued to investors on Friday, Analyst Ratings Net reports. They currently have a GBX 460 ($7.44) target price on the stock, down from their previous target price of GBX 470 ($7.60). Deutsche Bank’s price target suggests a potential downside of 22.36% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Great Portland Estates in a research note to investors on Thursday. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Great Portland Estates in a research note to investors on Wednesday, October 16th. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Great Portland Estates in a research note to investors on Monday, October 14th. They now have a GBX 540 ($8.73) price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 568.32 ($9.19).
Great Portland Estates (LON:GPOR) traded down 0.92% during mid-day trading on Friday, hitting GBX 592.50. The stock had a trading volume of 1,141,244 shares. Great Portland Estates has a 52-week low of GBX 446.20 and a 52-week high of GBX 601.505. The stock has a 50-day moving average of GBX 547.2 and a 200-day moving average of GBX 545.7. The company’s market cap is £2.020 billion.
Great Portland Estates Plc is a property investment and development company. Its business model invests in property in central London.
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