Great Portland Estates Plc (GPOR) Posts Earnings Results, Beats Estimates By $1.30 EPS

Great Portland Estates Plc (LON:GPOR) released its quarterly earnings data on Wednesday. The company reported GBX 9.60 ($0.13) EPS for the quarter, topping analysts’ consensus estimates of GBX 8.30 ($0.11) by GBX 1.30 ($0.02), Bloomberg Earnings reports. The company had revenue of GBX 654 billion during the quarter. Great Portland Estates Plc had a negative net margin of 118.76% and a negative return on equity of 5.49%.

Shares of Great Portland Estates Plc (GPOR) opened at GBX 625.50 ($8.23) on Thursday. Great Portland Estates Plc has a 1 year low of GBX 582 ($7.65) and a 1 year high of GBX 702 ($9.23).

A number of equities analysts have recently commented on the stock. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 689 ($9.06) price objective on shares of Great Portland Estates Plc in a report on Thursday, October 19th. Societe Generale reiterated a “sell” rating and set a GBX 570 ($7.50) target price on shares of Great Portland Estates Plc in a research report on Thursday. Jefferies Group LLC reiterated an “underperform” rating and set a GBX 525 ($6.91) target price on shares of Great Portland Estates Plc in a research report on Thursday. Deutsche Bank AG reiterated a “hold” rating and set a GBX 620 ($8.15) target price on shares of Great Portland Estates Plc in a research report on Thursday. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 710 ($9.34) target price on shares of Great Portland Estates Plc in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 660.77 ($8.69).

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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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