Deutsche Bank AG Lowers Great Portland Estates Plc (GPOR) to Hold
Great Portland Estates Plc (LON:GPOR) was downgraded by equities researchers at Deutsche Bank AG to a “hold” rating in a report issued on Monday. They presently have a GBX 620 ($8.01) price target on the stock, down from their prior price target of GBX 710 ($9.17). Deutsche Bank AG’s price target suggests a potential upside of 1.06% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Peel Hunt reissued an “add” rating and set a GBX 725 ($9.36) price target on shares of Great Portland Estates Plc in a research note on Thursday, July 6th. Citigroup Inc. reissued a “buy” rating and set a GBX 691 ($8.92) price target on shares of Great Portland Estates Plc in a research note on Monday, August 14th. Liberum Capital boosted their price target on Great Portland Estates Plc from GBX 650 ($8.39) to GBX 660 ($8.52) and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Numis Securities Ltd reissued a “hold” rating and set a GBX 689 ($8.90) price target on shares of Great Portland Estates Plc in a research note on Thursday, July 6th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Great Portland Estates Plc in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Great Portland Estates Plc has a consensus rating of “Hold” and a consensus price target of GBX 681.15 ($8.80).
Great Portland Estates Plc (LON GPOR) opened at 613.50 on Monday. The firm’s market cap is GBX 1.99 billion. Great Portland Estates Plc has a one year low of GBX 581.50 and a one year high of GBX 702.00. The firm’s 50 day moving average price is GBX 603.24 and its 200-day moving average price is GBX 648.21.
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In other Great Portland Estates Plc news, insider Nick Sanderson sold 17,127 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of GBX 624 ($8.06), for a total value of £106,872.48 ($138,024.64). Also, insider Nick Hampton purchased 1,500 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was acquired at an average price of GBX 597 ($7.71) per share, with a total value of £8,955 ($11,565.28). Insiders acquired a total of 1,677 shares of company stock valued at $1,000,122 over the last quarter.
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.
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