Great Portland Estates (LON:GPOR) had its price objective lifted by Morgan Stanley from GBX 620 ($8.57) to GBX 660 ($9.12) in a research report released on Tuesday morning. They currently have an underweight rating on the stock.
A number of other analysts have also recently weighed in on the stock. Barclays boosted their target price on shares of Great Portland Estates from GBX 560 ($7.74) to GBX 580 ($8.01) and gave the stock an underweight rating in a research note on Thursday, February 22nd. Peel Hunt reaffirmed a hold rating and set a GBX 650 ($8.98) target price on shares of Great Portland Estates in a research note on Thursday, January 25th. Liberum Capital reaffirmed a hold rating and set a GBX 660 ($9.12) target price on shares of Great Portland Estates in a research note on Monday, December 18th. JPMorgan Chase & Co. boosted their target price on shares of Great Portland Estates from GBX 710 ($9.81) to GBX 750 ($10.36) and gave the stock a neutral rating in a research note on Monday, January 15th. Finally, Societe Generale reaffirmed a sell rating and set a GBX 570 ($7.88) target price on shares of Great Portland Estates in a research note on Thursday, November 16th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 653.25 ($9.03).
Great Portland Estates (GPOR) opened at GBX 658.50 ($9.10) on Tuesday. Great Portland Estates has a 1 year low of GBX 582 ($8.04) and a 1 year high of GBX 702 ($9.70).
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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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