Great Portland Estates Plc (LON:GPOR) Given Consensus Recommendation of “Hold” by Analysts
Shares of Great Portland Estates Plc (LON:GPOR) have been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 681.17 ($8.87).
A number of research analysts have recently issued reports on GPOR shares. Liberum Capital restated a “hold” rating and issued a GBX 650 ($8.46) price target on shares of Great Portland Estates Plc in a research report on Wednesday, May 24th. Credit Suisse Group restated a “neutral” rating on shares of Great Portland Estates Plc in a research report on Friday, June 30th. Peel Hunt reiterated an “add” rating and set a GBX 725 ($9.44) target price on shares of Great Portland Estates Plc in a research report on Wednesday, May 24th. J P Morgan Chase & Co dropped their target price on shares of Great Portland Estates Plc from GBX 730 ($9.51) to GBX 710 ($9.25) and set a “neutral” rating on the stock in a research report on Tuesday, June 20th. Finally, Jefferies Group LLC dropped their target price on shares of Great Portland Estates Plc from GBX 563 ($7.33) to GBX 550 ($7.16) and set an “underperform” rating on the stock in a research report on Wednesday, April 26th.
In related news, insider Nick Sanderson sold 17,127 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of GBX 624 ($8.13), for a total transaction of £106,872.48 ($139,175.00). Also, insider Nick Hampton purchased 1,500 shares of Great Portland Estates Plc stock in a transaction that occurred on Tuesday, July 25th. The shares were bought at an average price of GBX 597 ($7.77) per share, with a total value of £8,955 ($11,661.67). In the last quarter, insiders bought 1,677 shares of company stock valued at $1,000,222.
Great Portland Estates Plc (GPOR) opened at 606.50 on Tuesday. Great Portland Estates Plc has a 12 month low of GBX 581.50 and a 12 month high of GBX 702.00. The stock’s 50 day moving average is GBX 603.95 and its 200-day moving average is GBX 658.66. The firm’s market capitalization is GBX 1.97 billion.
The company also recently announced a dividend, which was paid on Monday, July 10th. Stockholders of record on Thursday, June 1st were paid a GBX 6.40 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a dividend yield of 0.97%.
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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