HSBC Lowers Great Portland Estates PLC (GPOR) Price Target to GBX 664
Great Portland Estates PLC (LON:GPOR) had its price objective reduced by investment analysts at HSBC from GBX 702 ($8.71) to GBX 664 ($8.24) in a report issued on Tuesday. The firm presently has a “hold” rating on the stock. HSBC’s target price would suggest a potential upside of 9.30% from the company’s current price.
A number of other research firms have also weighed in on GPOR. JPMorgan Chase & Co. lowered Great Portland Estates PLC to a “neutral” rating and decreased their price target for the company from GBX 940 ($11.66) to GBX 740 ($9.18) in a research report on Tuesday, September 6th. Morgan Stanley increased their price objective on Great Portland Estates PLC from GBX 580 ($7.20) to GBX 630 ($7.82) and gave the stock an “underweight” rating in a research note on Wednesday, August 31st. Numis Securities Ltd reduced their price objective on Great Portland Estates PLC from GBX 888 ($11.02) to GBX 734 ($9.11) and set an “add” rating for the company in a research note on Tuesday, August 16th. Jefferies Group reissued an “underperform” rating and issued a GBX 650 ($8.06) price objective on shares of Great Portland Estates PLC in a research note on Friday, August 19th. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 640 ($7.94) price objective on shares of Great Portland Estates PLC in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 745.33 ($9.25).
Great Portland Estates PLC (LON:GPOR) opened at 607.50 on Tuesday. The stock’s market cap is GBX 2.08 billion. The firm has a 50-day moving average price of GBX 607.72 and a 200-day moving average price of GBX 660.13. Great Portland Estates PLC has a 12-month low of GBX 534.50 and a 12-month high of GBX 890.50.
The firm also recently announced a dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, November 24th will be issued a GBX 3.70 ($0.05) dividend. This represents a yield of 0.59%. The ex-dividend date is Thursday, November 24th.
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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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