Great Portland Estates (LON:GPOR) was upgraded by analysts at BNP Paribas to a “neutral” rating in a note issued to investors on Thursday. The brokerage presently has a GBX 700 ($9.83) price objective on the stock, up from their previous price objective of GBX 660 ($9.26). BNP Paribas’ price target would suggest a potential upside of 1.16% from the company’s current price.
Several other equities analysts have also recently weighed in on GPOR. Peel Hunt restated a “hold” rating on shares of Great Portland Estates in a report on Thursday. JPMorgan Chase restated a “neutral” rating on shares of Great Portland Estates in a report on Wednesday. Liberum Capital restated a “hold” rating and set a GBX 670 ($9.40) price target on shares of Great Portland Estates in a report on Thursday, January 25th. Goldman Sachs lowered their price objective on Great Portland Estates from GBX 675 ($9.48) to GBX 665 ($9.33) and set a “neutral” rating for the company in a research note on Wednesday, March 14th. Finally, Barclays raised their price objective on Great Portland Estates from GBX 560 ($7.86) to GBX 580 ($8.14) and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 657.38 ($9.23).
LON GPOR opened at GBX 692 ($9.71) on Thursday. Great Portland Estates has a 1-year low of GBX 582 ($8.17) and a 1-year high of GBX 702 ($9.85).
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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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