Morgan Stanley Increases Great Portland Estates (GPOR) Price Target to GBX 700

Great Portland Estates (LON:GPOR) had its target price upped by analysts at Morgan Stanley from GBX 690 ($9.02) to GBX 700 ($9.15) in a report issued on Wednesday. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 4.10% from the stock’s previous close.

GPOR has been the topic of several other research reports. Berenberg Bank began coverage on shares of Great Portland Estates in a research report on Wednesday. They set a “sell” rating and a GBX 600 ($7.84) price objective on the stock. Liberum Capital reiterated a “hold” rating on shares of Great Portland Estates in a research report on Wednesday, January 9th. Barclays lifted their price objective on shares of Great Portland Estates from GBX 580 ($7.58) to GBX 600 ($7.84) and gave the company an “underweight” rating in a research report on Tuesday, December 11th. Goldman Sachs Group reduced their price objective on shares of Great Portland Estates from GBX 676 ($8.83) to GBX 662 ($8.65) and set a “neutral” rating on the stock in a research report on Tuesday, December 18th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 715 ($9.34) price objective (up previously from GBX 675 ($8.82)) on shares of Great Portland Estates in a research report on Thursday, November 15th. Five investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 679.92 ($8.88).

Shares of LON:GPOR opened at GBX 729.90 ($9.54) on Wednesday. Great Portland Estates has a 1-year low of GBX 582 ($7.60) and a 1-year high of GBX 702 ($9.17).

Great Portland Estates (LON:GPOR) last issued its quarterly earnings results on Thursday, November 15th. The company reported GBX 9 ($0.12) earnings per share for the quarter, missing the consensus estimate of GBX 10.70 ($0.14) by GBX (1.70) (($0.02)).

Great Portland Estates Company Profile

We are a FTSE 250 property investment and development company owning £2.6 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London's property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.

Further Reading: What is the return on assets formula?

Analyst Recommendations for Great Portland Estates (LON:GPOR)

Receive News & Ratings for Great Portland Estates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Portland Estates and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply