Great Portland Estates (LON:GPOR) Upgraded to “Buy” at Panmure Gordon

Panmure Gordon upgraded shares of Great Portland Estates (LON:GPOR) to a buy rating in a research report sent to investors on Friday, Stock Target Advisor reports. Panmure Gordon currently has GBX 921 ($12.03) target price on the stock, up from their prior target price of GBX 842 ($11.00).

A number of other research firms have also recently weighed in on GPOR. Deutsche Bank increased their price objective on shares of Great Portland Estates from GBX 820 ($10.71) to GBX 890 ($11.63) and gave the stock a buy rating in a report on Friday, November 22nd. Berenberg Bank boosted their target price on shares of Great Portland Estates from GBX 630 ($8.23) to GBX 700 ($9.15) and gave the company a sell rating in a research note on Friday, November 15th. Barclays upped their target price on shares of Great Portland Estates from GBX 675 ($8.82) to GBX 700 ($9.15) and gave the stock an underweight rating in a research report on Monday, November 25th. Morgan Stanley upgraded shares of Great Portland Estates to an overweight rating and raised their price target for the company from GBX 750 ($9.80) to GBX 870 ($11.37) in a research note on Thursday, November 28th. Finally, JPMorgan Chase & Co. lifted their price target on Great Portland Estates from GBX 815 ($10.65) to GBX 845 ($11.04) and gave the company a neutral rating in a report on Friday, November 15th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 736.14 ($9.62).

Shares of GPOR traded up GBX 19.40 ($0.25) during midday trading on Friday, hitting GBX 854.60 ($11.17). 1,435,346 shares of the stock traded hands, compared to its average volume of 972,322. Great Portland Estates has a 1-year low of GBX 643.80 ($8.41) and a 1-year high of GBX 844.20 ($11.03). The firm has a market capitalization of $2.17 billion and a PE ratio of 38.15. The company has a debt-to-equity ratio of 16.98, a quick ratio of 0.46 and a current ratio of 0.49. The business’s 50 day moving average price is GBX 799.10 and its two-hundred day moving average price is GBX 729.08.

The business also recently announced a dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, November 21st will be given a GBX 4.70 ($0.06) dividend. The ex-dividend date is Thursday, November 21st. This represents a yield of 0.61%. Great Portland Estates’s dividend payout ratio is presently 0.58%.

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.

See Also: Trading Ex-Dividend Strategy

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit