Great Portland Estates (LON:GPOR) had its price objective upped by stock analysts at Morgan Stanley from GBX 620 ($8.57) to GBX 660 ($9.12) in a research note issued on Tuesday. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 1.93% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. Credit Suisse Group upgraded Great Portland Estates to an “outperform” rating and lifted their price target for the company from GBX 630 ($8.70) to GBX 740 ($10.22) in a report on Wednesday, December 6th. Deutsche Bank reiterated a “hold” rating and set a GBX 620 ($8.57) price target on shares of Great Portland Estates in a report on Thursday, November 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 710 ($9.81) price target on shares of Great Portland Estates in a report on Thursday, November 16th. Liberum Capital reiterated a “hold” rating and set a GBX 660 ($9.12) price target on shares of Great Portland Estates in a report on Monday, December 18th. Finally, Numis Securities reiterated a “hold” rating and set a GBX 666 ($9.20) price target on shares of Great Portland Estates in a report on Thursday, January 25th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 653.25 ($9.03).
Great Portland Estates (LON:GPOR) opened at GBX 673 ($9.30) on Tuesday. Great Portland Estates has a twelve month low of GBX 582 ($8.04) and a twelve month high of GBX 702 ($9.70).
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Great Portland Estates plc, through its subsidiaries, operates as a real estate investment trust (REIT). It develops freehold and leasehold, residential, retail, and office properties in London. The company has elected to be treated as a REIT under the Internal Revenue Code and would not be subject to federal income tax, provided it distributes approximately 90% of its taxable income to its shareholders.
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