Great Portland Estates (GPOR) Upgraded at Numis Securities
Numis Securities upgraded shares of Great Portland Estates (LON:GPOR) to an add rating in a research note issued to investors on Friday morning. The brokerage currently has GBX 725 ($10.02) price objective on the stock.
Several other research analysts also recently weighed in on the company. Deutsche Bank reaffirmed a hold rating on shares of Great Portland Estates in a research note on Friday. Barclays upped their target price on Great Portland Estates from GBX 560 ($7.74) to GBX 580 ($8.01) and gave the stock an underweight rating in a research note on Thursday, February 22nd. Liberum Capital reaffirmed a hold rating and set a GBX 670 ($9.26) target price on shares of Great Portland Estates in a research note on Thursday, January 25th. Peel Hunt reaffirmed a hold rating and set a GBX 650 ($8.98) target price on shares of Great Portland Estates in a research note on Thursday, January 25th. Finally, Jefferies Group reaffirmed an underperform rating and set a GBX 525 ($7.25) target price on shares of Great Portland Estates in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 652.64 ($9.02).
Shares of Great Portland Estates (GPOR) traded up GBX 9.50 ($0.13) during mid-day trading on Friday, hitting GBX 643 ($8.88). The stock had a trading volume of 1,409,231 shares, compared to its average volume of 1,070,000. 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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