JPMorgan Chase & Co. Boosts Great Portland Estates (GPOR) Price Target to GBX 750
Great Portland Estates (LON:GPOR) had its price target upped by JPMorgan Chase & Co. from GBX 710 ($9.63) to GBX 750 ($10.17) in a report released on Monday. The brokerage currently has a neutral rating on the stock.
Several other research analysts also recently issued reports on the company. Deutsche Bank reaffirmed a hold rating and issued a GBX 620 ($8.41) price objective on shares of Great Portland Estates in a research note on Thursday, November 16th. Credit Suisse Group raised Great Portland Estates to an outperform rating and upped their price objective for the company from GBX 630 ($8.54) to GBX 740 ($10.04) in a research note on Wednesday, December 6th. Liberum Capital reaffirmed a hold rating and issued a GBX 660 ($8.95) price objective on shares of Great Portland Estates in a research note on Monday, December 18th. Societe Generale reaffirmed a sell rating and issued a GBX 570 ($7.73) price objective on shares of Great Portland Estates in a research note on Thursday, November 16th. Finally, Jefferies Group reaffirmed an underperform rating and issued a GBX 525 ($7.12) price objective on shares of Great Portland Estates in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 662.31 ($8.98).
Great Portland Estates (LON:GPOR) traded down GBX 1 ($0.01) during trading on Monday, hitting GBX 652 ($8.84). The stock had a trading volume of 1,060,000 shares, compared to its average volume of 856,709. Great Portland Estates has a one year low of GBX 582 ($7.89) and a one year high of GBX 702 ($9.52).
Great Portland Estates Company Profile
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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