HSBC Trims Great Portland Estates PLC (GPOR) Target Price to GBX 664
Great Portland Estates PLC (LON:GPOR) had its target price cut by stock analysts at HSBC from GBX 702 ($8.71) to GBX 664 ($8.24) in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. HSBC’s price objective suggests a potential upside of 10.58% from the company’s previous close.
Other equities analysts have also issued reports about the company. Peel Hunt reissued an “add” rating and set a GBX 725 ($8.99) price objective on shares of Great Portland Estates PLC in a report on Thursday, November 17th. Deutsche Bank AG reissued a “buy” rating and set a GBX 750 ($9.30) price objective on shares of Great Portland Estates PLC in a report on Friday, November 18th. Jefferies Group reduced their price objective on Great Portland Estates PLC from GBX 650 ($8.06) to GBX 563 ($6.98) and set a “hold” rating for the company in a report on Thursday, October 27th. Morgan Stanley increased their price objective on Great Portland Estates PLC from GBX 580 ($7.20) to GBX 630 ($7.82) and gave the company an “underweight” rating in a report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. increased their price objective on Great Portland Estates PLC from GBX 690 ($8.56) to GBX 715 ($8.87) and gave the company a “neutral” rating in a report on Wednesday, November 2nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 743.11 ($9.22).
Great Portland Estates PLC (LON:GPOR) opened at 601.50 on Tuesday. The stock’s 50 day moving average price is GBX 607.72 and its 200-day moving average price is GBX 660.13. Great Portland Estates PLC has a 12-month low of GBX 534.50 and a 12-month high of GBX 890.50. The firm’s market cap is GBX 2.06 billion.
The business also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Stockholders 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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