Numis Securities Ltd Reiterates Add Rating for Great Portland Estates PLC (GPOR)
Great Portland Estates PLC (LON:GPOR)‘s stock had its “add” rating reissued by equities research analysts at Numis Securities Ltd in a research note issued on Thursday. They currently have a GBX 734 ($9.17) price target on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 18.67% from the stock’s current price.
Several other research firms have also recently weighed in on GPOR. JPMorgan Chase & Co. cut shares of Great Portland Estates PLC to a “neutral” rating and reduced their target price for the company from GBX 940 ($11.74) to GBX 740 ($9.25) in a research note on Tuesday, September 6th. Morgan Stanley increased their target price on shares of Great Portland Estates PLC from GBX 580 ($7.25) to GBX 630 ($7.87) and gave the company an “underweight” rating in a research note on Wednesday, August 31st. Peel Hunt cut shares of Great Portland Estates PLC to an “add” rating in a research note on Monday, July 25th. Jefferies Group reiterated an “underperform” rating and issued a GBX 650 ($8.12) target price on shares of Great Portland Estates PLC in a research note on Friday, August 19th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 640 ($8.00) target price on shares of Great Portland Estates PLC in a research note on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 745.22 ($9.31).
Great Portland Estates PLC (LON:GPOR) opened at 618.5000 on Thursday. The company’s market capitalization is GBX 2.11 billion. The company has a 50-day moving average price of GBX 611.25 and a 200-day moving average price of GBX 668.52. Great Portland Estates PLC has a one year low of GBX 534.50 and a one year high of GBX 890.50.
The firm also recently announced a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, November 24th will be issued a dividend of GBX 3.70 ($0.05) per share. This represents a yield of 0.59%. The ex-dividend date is Thursday, November 24th.
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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