GPT Group Coverage Initiated at Bank of America (GPT)

Analysts at Bank of America began coverage on shares of GPT Group (ASX: GPT) in a research report issued to clients and investors on Friday, Analyst Ratings reports. The firm set a “neutral” rating on the stock.

GPT Group (ASX: GPT) traded up 0.54% on Friday, hitting A$3.740. GPT Group has a 1-year low of A$3.160 and a 1-year high of A$4.230. The stock’s 50-day moving average is currently A$3.97. The company has a market cap of A$6.608 billion and a price-to-earnings ratio of 11.62.

The GPT Group (ASX: GPT) comprises General Property Trust (Trust) and its controlled entities and GPT Management Holdings Limited (Company) and its controlled entities.