Great Portland Estates PLC’s (GPOR) Add Rating Reaffirmed at Peel Hunt
Great Portland Estates PLC (LON:GPOR)‘s stock had its “add” rating reiterated by stock analysts at Peel Hunt in a research note issued on Wednesday. They currently have a GBX 725 ($9.43) target price on the stock. Peel Hunt’s target price indicates a potential upside of 10.18% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Liberum Capital reiterated a “hold” rating and set a GBX 650 ($8.46) target price on shares of Great Portland Estates PLC in a research report on Wednesday. Deutsche Bank AG reiterated a “buy” rating on shares of Great Portland Estates PLC in a research report on Monday, February 13th. Jefferies Group LLC cut their target price on shares of Great Portland Estates PLC from GBX 563 ($7.32) to GBX 550 ($7.15) and set an “underperform” rating for the company in a research report on Wednesday, April 26th. Canaccord Genuity increased their target price on shares of Great Portland Estates PLC from GBX 620 ($8.07) to GBX 625 ($8.13) and gave the stock a “hold” rating in a research report on Friday, February 17th. Finally, HSBC Holdings plc cut their target price on shares of Great Portland Estates PLC from GBX 664 ($8.64) to GBX 657 ($8.55) and set a “hold” rating for the company in a research report on Wednesday, February 22nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Great Portland Estates PLC has a consensus rating of “Hold” and an average target price of GBX 692.07 ($9.00).
Great Portland Estates PLC (LON:GPOR) traded down 0.60% during mid-day trading on Wednesday, reaching GBX 658.00. 1,522,532 shares of the company’s stock were exchanged. The stock’s market cap is GBX 2.14 billion. Great Portland Estates PLC has a 52-week low of GBX 562.63 and a 52-week high of GBX 841.58. The company has a 50-day moving average of GBX 711.62 and a 200-day moving average of GBX 680.21.
The business also recently announced a dividend, which will be paid on Monday, July 10th. Investors of record on Thursday, June 1st will be paid a GBX 6.40 ($0.08) dividend. This represents a yield of 0.97%. The ex-dividend date is Thursday, June 1st.
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In related news, insider Wendy Becker bought 10,000 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were acquired at an average cost of GBX 645 ($8.39) per share, with a total value of £64,500 ($83,907.90). Insiders purchased 10,068 shares of company stock worth $6,495,018 over the last ninety days.
About Great Portland Estates PLC
Great Portland Estates plc (GPE) is a property investment and development company. The Company holds office, retail and residential properties in central London. GPE’s properties have tenants from various industry sectors, such as retailers and leisure, technology, media and telecoms, professional services, banking and finance, corporate and Government.
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