Great Portland Estates (LON:GPOR)‘s stock had its “underperform” rating reaffirmed by investment analysts at Jefferies Group in a research note issued on Thursday. They presently have a GBX 525 ($7.12) price target on the stock. Jefferies Group’s target price would indicate a potential downside of 19.60% from the stock’s previous close.
A number of other brokerages have also recently commented on GPOR. Liberum Capital raised their target price on Great Portland Estates from GBX 660 ($8.95) to GBX 670 ($9.09) and gave the company a “hold” rating in a report on Monday, January 8th. JPMorgan Chase & Co. raised their target price on Great Portland Estates from GBX 710 ($9.63) to GBX 750 ($10.17) and gave the company a “neutral” rating in a report on Monday. Credit Suisse Group upgraded Great Portland Estates to an “outperform” rating and raised their target price for the company from GBX 630 ($8.54) to GBX 740 ($10.04) in a report on Wednesday, December 6th. Numis Securities restated a “hold” rating and set a GBX 689 ($9.34) target price on shares of Great Portland Estates in a report on Thursday, October 19th. Finally, Societe Generale restated a “sell” rating and set a GBX 570 ($7.73) target price on shares of Great Portland Estates in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Great Portland Estates currently has a consensus rating of “Hold” and an average price target of GBX 662.31 ($8.98).
Great Portland Estates (LON:GPOR) traded down GBX 3 ($0.04) during midday trading on Thursday, hitting GBX 653 ($8.86). The stock had a trading volume of 926,480 shares, compared to its average volume of 877,821. Great Portland Estates has a fifty-two week low of GBX 582 ($7.89) and a fifty-two week 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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