Deutsche Bank AG Reiterates Buy Rating for Great Portland Estates PLC (GPOR)
Great Portland Estates PLC (LON:GPOR)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank AG in a report issued on Tuesday. They presently have a GBX 750 ($9.79) price target on the stock. Deutsche Bank AG’s target price indicates a potential upside of 20.48% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Peel Hunt downgraded Great Portland Estates PLC to an “add” rating in a report on Monday, July 25th. Numis Securities Ltd lowered their target price on Great Portland Estates PLC from GBX 888 ($11.59) to GBX 734 ($9.58) and set an “add” rating on the stock in a research note on Tuesday, August 16th. Citigroup Inc. restated a “buy” rating and issued a GBX 804 ($10.49) target price on shares of Great Portland Estates PLC in a research note on Monday, July 18th. Liberum Capital restated a “hold” rating and issued a GBX 640 ($8.35) target price on shares of Great Portland Estates PLC in a research note on Thursday, August 4th. Finally, HSBC boosted their target price on Great Portland Estates PLC from GBX 616 ($8.04) to GBX 702 ($9.16) and gave the company a “hold” rating in a research note on Friday, September 30th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Great Portland Estates PLC currently has a consensus rating of “Hold” and an average price target of GBX 769.53 ($10.04).
Shares of Great Portland Estates PLC (LON:GPOR) opened at 622.50 on Tuesday. The firm’s market cap is GBX 2.12 billion. Great Portland Estates PLC has a 52 week low of GBX 534.50 and a 52 week high of GBX 892.50. The firm’s 50-day moving average price is GBX 652.68 and its 200-day moving average price is GBX 697.00.
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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