Great Portland Estates PLC (GPOR) Price Target Increased to GBX 702 by Analysts at HSBC
Great Portland Estates PLC (LON:GPOR) had its target price lifted by HSBC from GBX 616 ($8.04) to GBX 702 ($9.16) in a report released on Friday morning. HSBC currently has a hold rating on the stock.
Several other brokerages have also recently commented on GPOR. Deutsche Bank AG reduced their price target on Great Portland Estates PLC from GBX 1,000 ($13.05) to GBX 900 ($11.75) and set a buy rating for the company in a research report on Friday, June 24th. JPMorgan Chase & Co. cut their price objective on Great Portland Estates PLC from GBX 975 ($12.73) to GBX 940 ($12.27) and set an overweight rating for the company in a research report on Wednesday, June 22nd. BNP Paribas reaffirmed an outperform rating and issued a GBX 810 ($10.57) price objective on shares of Great Portland Estates PLC in a research report on Monday, June 20th. Credit Suisse Group AG raised their price objective on Great Portland Estates PLC from GBX 760 ($9.92) to GBX 795 ($10.38) and gave the company a neutral rating in a research report on Friday, June 17th. Finally, Morgan Stanley raised their price objective on Great Portland Estates PLC from GBX 580 ($7.57) to GBX 630 ($8.22) and gave the company an underweight rating in a research report on Wednesday, August 31st. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 769.53 ($10.04).
Shares of Great Portland Estates PLC (LON:GPOR) traded down 1.11% during midday trading on Friday, reaching GBX 626.00. The company’s stock had a trading volume of 976,775 shares. The company’s market cap is GBX 2.14 billion. The stock has a 50-day moving average of GBX 655.91 and a 200 day moving average of GBX 698.91. Great Portland Estates PLC has a 12 month low of GBX 534.50 and a 12 month high of GBX 892.50.
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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