Great Portland Estates Plc (GPOR) Receives Average Rating of “Hold” from Brokerages
Great Portland Estates Plc (LON:GPOR) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 666.43 ($8.97).
A number of research analysts have weighed in on GPOR shares. Deutsche Bank cut shares of Great Portland Estates to a “hold” rating and dropped their target price for the company from GBX 710 ($9.56) to GBX 620 ($8.34) in a research note on Monday, September 11th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 710 ($9.56) target price on shares of Great Portland Estates in a research note on Thursday, November 16th. Societe Generale restated a “sell” rating and set a GBX 570 ($7.67) price target on shares of Great Portland Estates in a research note on Thursday, November 16th. Jefferies Group restated an “underperform” rating and set a GBX 525 ($7.07) price target on shares of Great Portland Estates in a research note on Thursday, November 16th. Finally, Numis Securities restated a “hold” rating and set a GBX 689 ($9.27) price target on shares of Great Portland Estates in a research note on Thursday, October 19th.
Great Portland Estates (GPOR) opened at GBX 659 ($8.87) on Monday. Great Portland Estates has a 1 year low of GBX 582 ($7.83) and a 1 year high of GBX 702 ($9.45).
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About Great Portland Estates
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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