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.
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.
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