Great Portland Estates Given “Overweight” Rating at HSBC (GPOR)
Great Portland Estates (LON:GPOR)‘s stock had its “overweight” rating restated by equities research analysts at HSBC in a research note issued to investors on Tuesday, American Banking & Market News reports. They currently have a GBX 715 ($11.74) price target on the stock. HSBC’s price target would indicate a potential upside of 14.13% from the stock’s previous close.
Shares of Great Portland Estates (LON:GPOR) opened at 628.50 on Tuesday. Great Portland Estates has a 52-week low of GBX 471.20 and a 52-week high of GBX 630.00. The stock has a 50-day moving average of GBX 595.0 and a 200-day moving average of GBX 568.1. The company’s market cap is £2.155 billion.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Great Portland Estates in a research note to investors on Monday. They now have a GBX 680 ($11.16) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Great Portland Estates from GBX 580 ($9.52) to GBX 625 ($10.26) in a research note to investors on Wednesday, January 15th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Great Portland Estates from GBX 588 ($9.65) to GBX 601 ($9.87) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating 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 stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 607.23 ($9.97).
Great Portland Estates Plc is a property investment and development company. Its business model invests in property in central London.
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