Great Portland Estates (LON:GPOR) had its target price raised by Morgan Stanley from GBX 700 ($9.15) to GBX 750 ($9.80) in a report released on Thursday morning. Morgan Stanley currently has an underweight rating on the stock.
Several other research analysts have also recently weighed in on GPOR. Peel Hunt restated a hold rating on shares of Great Portland Estates in a report on Wednesday, February 6th. Liberum Capital restated a hold rating on shares of Great Portland Estates in a report on Tuesday, February 19th. Goldman Sachs Group cut their price target on shares of Great Portland Estates from GBX 676 ($8.83) to GBX 662 ($8.65) and set a neutral rating on the stock in a report on Tuesday, December 18th. Finally, HSBC boosted their price target on shares of Great Portland Estates from GBX 614 ($8.02) to GBX 671 ($8.77) and gave the stock a hold rating in a report on Thursday, November 29th. Five investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Great Portland Estates currently has an average rating of Hold and an average target price of GBX 676.83 ($8.84).
Shares of LON GPOR traded up GBX 2.60 ($0.03) during mid-day trading on Thursday, reaching GBX 768.10 ($10.04). 961,740 shares of the company’s stock traded hands, compared to its average volume of 972,322. The stock has a market capitalization of $2.08 billion and a P/E ratio of 34.76. Great Portland Estates has a 1-year low of GBX 647.40 ($8.46) and a 1-year high of GBX 801.56 ($10.47). The company has a debt-to-equity ratio of 14.14, a current ratio of 2.89 and a quick ratio of 2.61.
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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