Great Portland Estates (GPOR) Price Target Raised to GBX 750 at JPMorgan Chase & Co.
Great Portland Estates (LON:GPOR) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from GBX 710 ($9.63) to GBX 750 ($10.17) in a report released on Monday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 14.59% from the company’s current price.
A number of other equities research analysts have also weighed in on GPOR. Deutsche Bank restated a “hold” rating and set a GBX 620 ($8.41) price objective on shares of Great Portland Estates in a research note on Thursday, November 16th. Credit Suisse Group upgraded Great Portland Estates to an “outperform” rating and raised their price objective for the company from GBX 630 ($8.54) to GBX 740 ($10.04) in a research note on Wednesday, December 6th. Liberum Capital restated a “hold” rating and set a GBX 660 ($8.95) price objective on shares of Great Portland Estates in a research note on Monday, December 18th. Societe Generale restated a “sell” rating and set a GBX 570 ($7.73) price objective on shares of Great Portland Estates in a research note on Thursday, November 16th. Finally, Jefferies Group restated an “underperform” rating and set a GBX 525 ($7.12) price objective on shares of Great Portland Estates in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 662.31 ($8.98).
Shares of Great Portland Estates (LON GPOR) opened at GBX 654.50 ($8.88) on Monday. Great Portland Estates has a twelve month low of GBX 582 ($7.89) and a twelve month high of GBX 702 ($9.52).
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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