JPMorgan Chase & Co. Reiterates “Neutral” Rating for Great Portland Estates PLC (GPOR)
Great Portland Estates PLC (LON:GPOR)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday. They currently have a GBX 740 ($9.25) price objective on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 23.24% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Deutsche Bank AG reiterated a “sell” rating on shares of Great Portland Estates PLC in a research note on Monday, September 19th. Morgan Stanley upped their price objective on Great Portland Estates PLC from GBX 580 ($7.25) to GBX 630 ($7.87) and gave the stock an “underweight” rating in a research note on Wednesday, August 31st. HSBC upped their price objective on Great Portland Estates PLC from GBX 616 ($7.70) to GBX 702 ($8.77) and gave the stock a “hold” rating in a research note on Friday, September 30th. Jefferies Group reduced their price objective on Great Portland Estates PLC from GBX 650 ($8.12) to GBX 563 ($7.03) and set a “hold” rating for the company in a research note on Thursday, October 27th. Finally, Peel Hunt restated an “add” rating and issued a GBX 725 ($9.06) price objective on shares of Great Portland Estates PLC in a research note on Tuesday, October 11th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 745.22 ($9.31).
Shares of Great Portland Estates PLC (LON:GPOR) opened at 600.50 on Thursday. Great Portland Estates PLC has a 52-week low of GBX 534.50 and a 52-week high of GBX 890.50. The firm’s 50-day moving average price is GBX 607.96 and its 200-day moving average price is GBX 663.28. The stock’s market cap is GBX 2.05 billion.
The firm also recently declared 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. This represents a dividend yield of 0.59%. The ex-dividend date is Thursday, November 24th.
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.
Receive News & Stock Ratings for Great Portland Estates PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Portland Estates PLC and related stocks with our FREE daily email newsletter.