Deutsche Bank AG Reiterates ” Buy” Rating for Great Portland Estates PLC (GPOR)
Great Portland Estates PLC (LON:GPOR)‘s stock had its ” buy” rating reaffirmed by analysts at Deutsche Bank AG in a report released on Friday. They currently have a GBX 750 ($9.37) price target on the stock. Deutsche Bank AG’s price target points to a potential upside of 19.43% from the company’s previous close.
Several other research firms also recently weighed in on GPOR. JPMorgan Chase & Co. downgraded shares of Great Portland Estates PLC to a “neutral” rating and dropped their target price for the stock from GBX 940 ($11.74) to GBX 740 ($9.25) in a research report on Tuesday, September 6th. Morgan Stanley boosted their target price on shares of Great Portland Estates PLC from GBX 580 ($7.25) to GBX 630 ($7.87) and gave the stock an “underweight” rating in a research report on Wednesday, August 31st. Numis Securities Ltd dropped their target price on shares of Great Portland Estates PLC from GBX 888 ($11.09) to GBX 734 ($9.17) and set an “add” rating for the company in a research report on Tuesday, August 16th. Peel Hunt downgraded shares of Great Portland Estates PLC to an “add” rating in a research report on Monday, July 25th. Finally, Jefferies Group reissued an “underperform” rating and issued a GBX 650 ($8.12) target price on shares of Great Portland Estates PLC in a research report on Friday, August 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 743 ($9.28).
Great Portland Estates PLC (LON:GPOR) opened at 626.50 on Friday. Great Portland Estates PLC has a 12-month low of GBX 534.50 and a 12-month high of GBX 890.50. The stock’s market capitalization is GBX 2.14 billion. The company’s 50-day moving average is GBX 610.79 and its 200 day moving average is GBX 672.95.
The firm also recently announced a dividend, which will be paid on Tuesday, January 3rd. Investors of record on Thursday, November 24th will be issued a GBX 3.70 ($0.05) dividend. The ex-dividend date is Thursday, November 24th. This represents a dividend yield of 0.59%.
Great Portland Estates PLC Company Profile
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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